They have posted profits in 3 of the past 4 quarters, and are on track to post .18 for the current quarter. Next yr's estimate is 0.52, and they have beaten estimates for the past four quarters. They are monetizing. I've never paid more than low 20's for this, and it did get overdone on upside for the past yr. But at 30x or less than what is likely to be the 2015 number, it's an ok valuation.
They have beaten the estimates for the past 4+ quarters. They're trading at less than 30x the projected profits over the next twelve months (assuming ongoing modest beats) and more like
I'm back in this today for first time since Feb. Current price only slightly above the rev stream they have already booked. Good relative strength to market over past few days. GL.
I jumped in AH on thurs; nice move up on fri, with just a mild afternoon fade on lighter vol. Looks good for some further advance on mon-tues. I don't expect anything huge, but test toward 100 area would seem like to me based on this pattern.
I don't doubt that; have been following co closely all year. It's the lack of profitability that makes me cautious on valuation here. Street is being brutal on valuation. GL.
I'm short this right now; the pattern of these no earnings, high-valuation co's getting hammered at earnings is extremely stark. I shorted TWTR before ER, but missed many of the other great shorts of this type this earnings season. Not missing this one. This should easily shed $2-3 next week. Have a great rest of week and weekend!
They will be losing $ indefinitely into the future; how many billions of market value is that worth? I think less than 10. futures down this morning....revisiting of 30's likely coming imo.
Well it appears they have about $6/share in cash, but also that they're going to be losing $ indefinitely into future. So I'd say $5 or so if it is bought this week. Otherwise keep subtracting about a dime a week from $5 til you get to zero. Pretty simple, really.
Thank you again. I too can see this going on a chinese death march lower from here. P is another example of a bloated co that was just barely reporting breakeven...once the fever broke on that it's been all lower. Even if the co name and brand recognition was worth $5 bil and the cash was factored in, this could slip to the 20's very easily. Am planning on shorting again (carefully) soon.
Great sleuthing, Sherlock. Was commenting on a dif stock though. I was long TWTR from 40's to low 50's, though, on pure technical breakout reason.