8vonage.jpgThe VoIP services provider, Vonage Holdings Corp.  (NYSE: VG, VG message board), was never really a growth stock. The company was troubled by service costs and a highly competitive market. People were speculating the very survival of this company, but as the economic situation is finally showing signs of improvement, the company is still here. This gives them another chance, as many big communication companies took a hit from the recession and have to lick their wounds like everyone else.

If Vonage recovers, investors might see tremendous long term returns. Despite the lack of stock price growth in their early days, the company should not be underestimated. We've seen their stock rally ten days ago, and it can happen again if things do not get ugly.

An interesting fact is that the company had reported profitability for the last two consecutive quarters this year. While they were somewhat influenced by one-time revenues from asset sales, there is still potential in the company's ability to climb out of the hole.

Vonage's stock price isn't on an uptrend, nor is it showing any signs of possible prolonged growth at the moment. Paying attention to this stock may pay off only if the company will continue without turning back to red.

The stock hit off with nearly 8% reward on the first of September despite the whole market going down on fear of recession. There was no news to fuel the rally, just overall investor's optimism driving the price up.