Shutterfly, Inc (NASDAQ:SFLY)

At Option Millionaires, we are all about growth stocks. Being ahead of the market on these stocks can be VERY rewarding. We brought you LinkedIn (LNKD) at $80 which moved 35% over the past few months. We now bring you Shutterfly, Inc (NASDAQ:SFLY).

Just like LinkedIn (LNKD), it took an earnings report to show it's ready to take the market by storm. Shutterfly, Inc (NASDAQ:SFLY) was a once high flying stock in 2011, hitting a high of $66.70 in April 2011. It fell all the way to $21.34 on growth concerns. It's recent acquisition of Kodaks online photo service, was another step in the right direction. A step that came at the expense of short term profits, but sets the stage for long term growth.

Shutterfly, Inc (NASDAQ:SFLY) earnings report after the bell showed a 72% YoY growth of personalized products (Photo Books and cards), which accounts for 77% of the companies revenue. They also grew their customer base by 16% to 1.6 million. Obviously the Kodak acquisition will help with that number.

We really like this company for the near term, and think the stock will head toward $45.

We alerted the $40 calls in our chatroom this afternoon. Stay tuned for more about Shutterfly, Inc (NASDAQ:SFLY) in the coming days.

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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