The market continues to be overbought in our view, and so there continue to be opportunities in shorting (or selling calls of) companies that are overbought. It doesn’t necessarily mean we’re negative on the outlook of these companies, just that they’ve run up too far, too fast and a pull-back is warranted.
LodgeNet Interactive Corporation (LNET)
LodgeNet Interactive Corporation provides interactive media and connectivity solutions for the hospitality industry in the United States, Canada, and Mexico. The company’s guest entertainment services include on-demand movies, on-demand games, music and music videos, Internet on television, and television on-demand. It also provides satellite-delivered television programming. In addition the company involves in the design, sale, installation, service, and support of wired and wireless broadband Internet access systems.
Actually, that seems like a pretty good business model to us. This is the type of industry where you expect the margins to