It may reach 450 or it may not. Remember after last quarterly report, it jumped over $400 to open from $341 close the previous day. Yet, the stock ended down to around $320. This thing is WILD. It can go in either direction really fast.
Any idea why considering they "GREW" subs?? Because the additional 250K members are the trial, non-paying members. And they probably simply deferred some expenses at year end onto the balance sheet to make their profit # "APPEAR" higher. The key is in what the liabilities side of the BS looks at year end. That's the tell.
EXPLODED?? It went to 79 cents per share. That's less than $4 annualized and the $400 targets all have $8 in annual earnings. I'm not surprised to see this up after hours...considering the usual fluff, all positive, no negative, no debt issue addressed....but I am absolutely shocked to see this big of a reaction. Something really seems off. This report is not worth another $3.5B in market cap, espcially considering they said they would almost DOUBLE their LTD. How do they suppose they're eventually going to pay for it with only $20M annualized free cash flow??? I'm lost.