* Facebook IPO Coming (POP)
* Buyback Program Ongoing
* Growing 50% YOY
* 2012 Guidance Raised Higher
* Good Earnings
* 12 Mill Shorts must now cover
* Renn Is Buyout Candidate (Bidu,Albia,Msft,Yhoo)
* Renn partnered with Microsoft with Renn in Windows 8
* Renn Has 1.2 billion in cash with NO DEBT.
* Renn has SIX forms of revenue generation set up.
Did we miss anything? lol
it is people who say oh, China only grows by 7.5%, which is 3x USA gorwth or more. But RENN will grow 100-200%, is not the same as China overall. So why do the dumb finance people say RENN only 7.5 %. it is very short sighted, as usual!
While I agree achieving a $100 pps in three years is pie in the sky dreaming, I do believe the pps will grow greater proportionately than the revenue dictates.
But, let's face it, no one can possibly predict the price for 3 years out with this stock in this high growth area.
At $100 this stock will have a valuation of over $40B.
For this to happen, this company should have at least $10B in revenues ..
As per the CEO and his guidance, achieving even $1B in 3 years seems to be impossible!!
I think this stock is fairly valued here for now.
In 3 years, it should move up depending on revenue growth and earnings performance ...
Nobody is going to give this company $40B in market cap if they cannot even deliver a few Billions in revenue
Even Groupon has only a market cap of 10B though they have 3 Billion net revenues (after paying the merchant dues). GRPN's gross billings are much higher than 3 Billion
Someday will be $50+ stock given China has 500+ mln internet users and growing. Facebook needs a partner like RenRen to enter explosive Chinese market. Don't forget RENN is YouTube + Facebook of China.
Isn't the Trump Card held by the greedy hedge fund managers though, which would render all 10 reasons just a game of chance. Forgive the pessimism, but this latest manipulation session has winded me a bit!
I would agree with you at that. No matter how good the stock is, a lot of it comes down to who is controlling the stock. However if enough of us longs stick together with the help of the buyback we can get this ball rolling! I think we will have some big money pouring in in the next couple of weeks!