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Renren Inc. Message Board

  • bollingr_band bollingr_band Jun 7, 2013 2:45 PM Flag

    Joe Chen's insatiable GREED to keep RENN dirt cheap will attract vulchers

    With $1 Billion CASH
    NO DEBT
    Nuomi cash cow
    Games Revenue Cash Cow
    Social Networking 170 M active members

    There are a few Vulchers can take Joe Che
    n's piggy bank:
    1- YY - SN competitor
    2- SINA - SN Weibo / competitor
    3- Facebook - trying to get an angle to enter China / RENN is a dirt cheap way to get in $1Bil cash comes in handy
    4- Hedge funds can see Breakup Value

    If Joe Chen wants to take the whole thing private, at his long term investors expense (People whom paid over $7/ share),

    HE BETTER TENDER $7/SHARE A*S*A*P.

    Anything less will subject to better offer to railroad his GREED.

    Sentiment: Strong Buy

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RENN
4.03+0.20(+5.22%)May 27 4:02 PMEDT