Guidance suggests that the entire games revs has vanquished. This was a speculative play that made logical sense. It still has a much higher fundamental value. But no mention of user metrics makes me believe fundamentals are deteriorating substantially. Still $1.3b is worth $1.3b in my book and that means $3.60 is book value. I'm not selling even if I take an azwhoopibg.
How do you get an MBA from Stanford, speak read write fluent Chinese/English, IPO a purported FB of China and not grow this company given $1b+ in cash. I make more $$$ on a brewery tour in a Town Car than RENN has ever made. Lol.
With all that said, its obvious now that RENN is on the block. JCs cred is done. Hopefully BIDU sees value here.
So WEIBO is valued at $3b and only does $100m/year in revs yet SINA core is valued at less than $1b on $500m/year revs. That sure doesn't make sense to me.
this is just silly.
Who gives a rats booty if quadrupled when fact is it was only $64m for 9 months. Combine that with negative $500m in tangible shareholder equity.
MFEL is your price target $6.05 or $2.50? You are a very confused investor that probably shouldn't even be investing until you work hard, save up some cash to GET A FINANCE DEGREE YOU ABSOLUTE JOKE
And its worth $20b?
Only you would base an investment on Alexa. Your credibility is worth less than zero. Stop the non sense please.
MFEL pumped for years and jinxed the stock and now that thing is going broke giving bad advice that was counter to all his original pumping....what a mindfeck.
MFEL I agree RENN will pop on valuation! What a jinxed and confused individual.
99% agree laman. It would've been sold long ago at these prices if Chen was going to do it. He obviously didn't like to part with his vision at peanut prices.