Is this GS pr firm...trying to drop it more before they upgrade?? at least it caught a bid today while the others were down...once the worm turns this will move up quick..maybe next week will finally break the dam...all of a sudden a press release out....Uh...we think the downgrades were to much, checked the channels and wow..things aren't as bad as we reported just a week ago?? Hum time to buy now...we are upgrading the sector to out perform...I think? Maybe, well just possibly, could be,,,might go up...just don't friggin know!
we will see more news friday am after the shareholder meeting thursday afternoon....buy and hold..we are going up...big move for sohu today too.....CHen sold his last co to sohu in 2002.....???
maybe making the move since bidu took control of naomi
We are trading at cash...for all the right things Chen has done, he doesn't know how to handle PR for the firm...and David Chao hasn't helped either even though he's a big part of silicone valley private equity...but, the deal with bidu is huge...any partnership with google here..would have doubled any other stock in the space. Renn's user base, chinese internet sector growth over 70% per yr versus US 13%...RENN is sitting for the right offer...the co has a billion in cash, margins of 78%, 4600 employees with growing market share..games also bringing in cash...I still can't believe how the Market makers can keep it down...With any pr by the co or analysts...renn will take off..especially once it passes the marginable point.....the float is smaller by the day...if the co has been stepping up on the buy side taking up the ads...maybe Chen will take it private for cheap...10.00 per share? the other option is partnering with FB next with RENN/RENN...FB could buy as much as 25%...we would definately go past the ipo price then ...who knows but the insiders...Softbank is holding out still after 410 milliion invested for 5 yrs..Choa invested 125 million, and chen holding the balance with B share voting control..?? No doubt, he wants to be one of the chinese billionaires, he will do more deals. Just hold this beatch!!!! UH
RENN has been such a dog..they need to partner with a co that can take this dog to new heights..chen and the current board aren't acting in the best interest of shareholders...they can pay out a one time dividend like cyou did...$3.85 The float is getting smaller by the day...it wouldn't cost them that much, especially with the extra 160 million added to the coffers....Just don't get it...total disconnect
this stock has been ugly ..
get a pop then drop...everyday..this stock just can't hold the gains...I just do not get it, cheapest in the sector..
cheap...trading at cash, Market makers have controlled this stock for sometime now...we need more out of the company to push back ....
FB now in mojo land...renn trading at cash...with the bidu deal complete..renn is ripe and ready
Are you really serious...Naomi only brought in 6 million last qr...peanuts...renn sold 59% and brought in 160 million cash...this is setting up to go private...chen, softbank, and Chao now control 75% plus and it's practically all cash ...with 200 million user base and revenues projected next yr over 250 million..with 78% gross profits.....they are sitting and waiting for the right offer or partnership with FB.....I also hate the stock performance, but it's bound to turn..especially with the shareholder meeting thursday afternoon...good luck to all,,,it's been a very rocky road here
all i know is that I never know....to think we even trade down after last weeks great news and small sell of going into this weeks shareholder meeting...With the bidu deal we are basically trading for net asset value, most in cash...just crazy cheap...it won't take much..just hold tight...Market makers are the best as taking in cheap inventory.....100 million buy back can buy up all ads left on the float if they want to do that....Chen , softbank , and Chao might take it private too after most shares purchased are intheir hands anyway..;..if only 10 million shares left on the float...they could offer 10 bucks....100 million gives them the entire co then with all that cash....zero debt...and future partnerships with FB, SINA, SOHU..BIDU, MSFT, even Apple, Choa was part of apple a few yrs ago
No doubt....MM's controlled friday's trading and taking all shares in for inventory for this weeks move up...there is zero downside here...unside is 3x or more.....still think FB will do a deal..maybe pay a billion for 25% of renn...the float is getting smaller and samller due to the buy back...it's only a matter of time..but with shareholder meeting thursday 4pm China time...next few days we could easily move to 52 week highs...
Do you think Wall st has punished Chen enough...losses don't fade from memory banks that's for sure..but once the green starts flowing up...wall st will back this again...Shareholder meeting thursday at 4am our time...friday should be really interesting....how the MM's can keep this down, especially with RENN able to spend another 100 million on the ADS's ...the float is getting smaller by the day...David Choa..co founder of DCM venture capital firm....on renn's board for 7 yrs now..invested 125 million over 18 months ago right here at this price level..hasn't made anything yet...Softbank invested 410 million over 5 yrs ago slightly below the current price...they haven't made anything to speak of and I'm sure will be pressing hard this thursday...RENN can do a deal / partnership with FB, BIDU, MSFT, or the other biggies in China...selling 59% of Naomi for 160 million cash?? and the stock barely moves...crazy...naomi only did 6 million in revenue last qr and losses money....Great deal for RENN...User base 200 million and growing...4600 employees....with mobile revenues starting to flow, and gross margins of 79%...they could easily cut staff and show profit......Chen no doubt wants to be one of the billionaires boys club...he's in control....and will sell out for the right price...and it certainly will be at least the IPO price.....seems inevitable FB will try and stike a deal...Chinatown is the only place FB isn't in.....FB could offer shares easily , do a deal without cash...even at 14 per share would be cheap..peanuts ..fb now has a 100 billion market cap...but since they can't buy the whole co..they could buy 25% at that valuation...stock would jump 3 to 4x today's ridiculous stock price...Wall st has been burnt from this IPO...but as DANG has made it through..so will RENN RENN.....this week there is no way to hold this price down..CHEN will make sure they are buying shares prior to facing the angry shareholders this thursday 4pm meeting...Softbank, DCM, Virgin
totally agree..zuck has been in back in china many times and they need entry into the largest market in the world...with FB hitting new highs and huge cash pile, any deal with renn is easy to do...Chen wants to be one of theinternet billionaires club elite like the rest of the group...IF FB doens't Bidu, cyou, sohu, sina, qihu even msft might step into the fray...just a matter of time...Board meeting this week should be interesting to say the least...
FSLR has the most cash and equity..8 billion back log...unreal performance...
FB may take 24% stake before BIDU or sohu buy in...go FB and RENN
This dog cant even get a bone with the bidu...man o man...