It closed stong at its highs...I dont think this is something to put in you IRA but I do like it for a trade long
In my experience virtually every companies . net tangible assets are less than the asking price of thier stocks. See GOOG. Vonage is a viable company in the long run for my opinion. I currently use Lingo as they offered phones in my area of the country. My personal suspicion is that vonage is a takeover target supreme. If Verizon or ATT wishes to expand thier market share rapidly this would actually be a pretty good target for them. So I would highly doubt they will ever file chapter 11.
4 years? If they last that long they will never go chap 11. I say they get bought out real cheap, or fold long before that,