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The bottom line: he sees multiple potential catalysts for the stock, including expanded iPhone and iPad penetration, a potential dividend and entry into the smart-TV market.
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The Casey Institute is aware, moreover, of congressional warnings to her and every one of her forty-nine counterparts in other states concerning the potential penetration of their respective public pension funds by global bad actors.
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Zipcar currently estimates more than 10 million drivers within a 10 minutes distance of a Zipcar location, indicating the potential of much greater penetration levels as the popularity of car sharing rises.
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FiOS penetration (subscribers as a percentage of potential subscribers) is now 30 percent or more for both services.
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Compare this to a mature market like the U.K. which has a penetration of around 14% and you can see the potential that the country holds especially considering the higher expected growth rate of GDP over time.
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Long term growth will be broadly driven by the fact that pay-TV penetration is still low in Latin America, and therefore, there is significant potential to expand.
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We think that this concern is overblown because of the large size and fragmentation of the commercial reverse supply chain segment, high barriers to entry for successful penetration into the market, and the incompatibility of an online surplus liquidation business with the aforementioned potential competitors.
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Additionally, Internet penetration in these economies is relatively low but is expected to grow at a rapid pace, which leaves immense potential for growth for the online travel industry as a whole.
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