34 minutes ago
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sounds good but stock has dropped to fast, just bought 9000 shares at $2.77
Goldman says they are favorable to the stock
December 2, 2013
06:48 EDT RKUS Ruckus Wireless upgraded to Buy from Neutral at Goldman
Goldman upgraded Ruckus Wireless due to valuation and accelerating 2014 growth. Price target is $18.
Renren's outlook now calls for revenue to fall by at least 36% to between $29 million and $31 million. This is clearly woefully short of the $48.9 million that Wall Street was forecasting. That's brutal. Most stocks would take a bigger beating than Renren's suffering today for that kind of meltdown, but it naturally helps to have roughly $2.80 per ADS in cash and investments on your balance sheet. As bad as things may be these days, Renren's sitting so close to its cash cushion that it's practically being given away.