Vonage Named Worst Stock Of 2007

There are a lot of losers on Wall Street, even more than there are winners. But the worst loser of all for 2007 was Vonage. If you bought Vonage since they went public, you've probably come to regret the decision.

The voice-over-Internet-protocol pioneer went public in May at $17 a pop. Two days later, it was trading at $13. When a stock tanks this quickly, looking around for the exit turnstiles is usually a good move. If an established underwriter can salvage its reputation by supporting the stock above the IPO price, it's going to get ugly in a hurry.

All this time later, with the stock seemingly permanently mired in the single digits, investors have had enough. The stock is down over 50% for the year and wins it's title as worst stock of the year in 2007.