Monday, January 24, 2011
Blackboard: Losing Market Share
A Boston presenter recommends shorting Blackboard at this level (NASDAQ: BBBB, $39.11). This provider of learning management software for the education industry still dominates the space, but it has been losing share lately to open-source competition. Schools hit by budget constraints are increasingly turning to much cheaper options. The company has just lowered earnings guidance for Q1 and full 2011.