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Renren Inc. Message Board

  • headhunterinva headhunterinva Mar 11, 2013 8:04 AM Flag

    CC opinions?

    Any?

    HH

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • end of call, waiting for a call...renn will be aquired by one of the biggies...or partner with FB....no doubt something is in the wind...softbank's investment of 420 million 5 yrs ago is underwater and down over a billion from the IPO...the pressure is on chen to get something done...He last sold his co to sohu prior to starting renn...Chao board member for 6 yrs has also invested over 125 million of DCM private equity funds into renn over a year ago..also down...a half a billion invested needs return on capital...todays stock value of 1.1 billion is exactly the net equity of renn, 900 billion in cash...the co is well run and could turn profitable any time Joe wants to stop spending on the long term investments...gaming growing 110% per yr, active monthly users 56 million...it's perfect for FB to invest in...co has bought back half of the US float so the 3 of them, softbank, chen and chao control over 80% of the co..

    • Can never go wrong with a co. That grows revs....

      It means their biz model is working.

      Yes.they are growing and have expected expenditures.

      Buy revs. Always

 
RENN
3.35+0.09(+2.76%)Oct 23 4:01 PMEDT

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