be realistic .. 5 x sales = 1B plus add cash on hand = max $5 PPS now.
no analyst has a target more than $5 PPS currently ..
but that could change only if management can beat and raise estimates. look at VIPS how it went up from 4s to 13s due to revenue and EPS beats!!
Except that FB is valued at 9x sales + cash and they don't have video or a groupbuy site or a telephone. I'm not suggesting that FB is overpriced...I'm saying that RENN has been manipulated down to $200m + cash and that there is a massive correction coming.
RENN could be trading at $10 next month and still be undervalued.
At this point in the history of FB, they were nowhere nearly as efficient as RENN, yet they had a $5-10b value.
As RENN is able to reduce CapEX and China ad revenue recovers, should see $10pps around the 200m user announcement in q1 2013 and a move to mid teens on smartphone deal.