Just when some might have thought Vonage was starting to stablize, news of a couple class action lawsuits broke and today the stock [symbol: VG] has dove almost 5% reaching below $8 for the first time (at least from what I’ve seen). The historical performance for VG can be seen via Yahoo Finance here

As a customer only and thankfully not an investor, I was already concerned. Now I’m wondering what this will mean if the stock completely tanks? Yes, at what point do we seriously start talking about that? $5/share? When it falls beneath $1/share?

As of this writing VG stock is worth less than half of it’s IPO ($17/share) meaning it has lost some 55% of its value. Not a good portent for VoIP-related stocks, but if it should ultimately fall off the market and return to being a private company, would a competitor gobble their million plus customers and marketshare? I’m thinking the answer would be yes. If that happens, I hope it’s not AT&T.

On the positive side Vonage was added to the Russell 3000 Index recently.

Did this post make you go hmm?

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