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Renren Inc. Message Board

  • mynameissteve258 mynameissteve258 May 6, 2012 1:10 PM Flag

    Article " RENN a DOUBLE From Here " link

    Seeking Alpha
    By:Evans Capital
    With a cash position at year-end of $1.2 billion and 392 million shares outstanding, RENN has $3.05 per share in cash. This tells me investors are valuing the company itself not including cash at a little over $1 billion.

    So let me get this straight, the largest social network company in the world - Facebook - looks like it will be valued at $100 billion. Yet, Renren the largest social network company in China, the largest country in the world, trades at 1/100th of that not including its cash position? Based on those metrics alone, Renren should be trading at a higher premium from here. Add to that the growth both Renren is experiencing and the mobile internet growth China is experiencing, it is my opinion that Renren should at least be a double from here, trading north of $10 per share.

2.58+0.02(+0.78%)Jan 29 4:05 PMEST

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