I'm with you, worse stock I've ever owned, and I'm out as of yesterday and in tasr, which is up over 4% today. At this point, until the company can do $50m in revs, without web biz, and growing at least 15% yoy, don't pay more than 1x revs.
The problem is that the web biz is declining as fast as mobile is going up, it may take a few more Qtrs to turn the corner, keep your powder dry here, wait until $1.50 then buy and sell at $2. The company continues to reinvent itself, but so far can't get beyond $45m in Revs., at this point sell MEET and buy TASR. GL
Bust is too strong, I think they will be light on revs and I hope guidance is good, but you can bank on a sell off if they do miss. If it sells off don't buy all at once, it goes down in a couple of waves.
Wow, $1m beat, with breakeven and no PR, not going to happen, they always issue PR ahead of ER if its going to be better than expected. I'm looking to load the boat at $1.50 ahead of a good Q4, but I think the hacking might have stalled users just a little bit Q3. GL
Days to cover (DtC) doesn't mean much on this stock, since April DtC has varied between 2.9 and 13. In April SI was 4.9m with 5.9 DtC, in June 4.2m SI with 2.9 DtC. I've been watching this stock for more than 3 yrs. and 3m to 5m SI is normal, but good luck on that short squeeze.
I think this is possible do to the fact that users reduced visits by 50% in the middle of Q3, I think it is just a Q3 event and may be fixed in Q4, although I can't tell since the knuckheads forget to config quantcast reporting in IOS, still waiting!!!! I think the redesign and added chat features might be a nice surprise in Q4. GL
My guess is revs will be $10.5m to $11m and the near term stock price will hit $1.50 before going to $3 on good Q4 #s.
Anyone else want to put any numbers up, except Gio, we know its going to zero.
I'm now convinced that all the posts on this board are from the same person! Gio/Mamayo are the negative split and stevengbr/grue1 are the positive split .... oops then I must the ???, OK, have a good day I'm off to see my shrink ;)
Talking head interview on cnbc with CEO Sean Rad at the Forbes under 30 conference, I went back and watched again and it is a predict of 180m next year, but tinder has 7x to 8x DAU of meetme and growing at about 1m DAU per month. Meetme is also on FB, has been for a long time. It could all boil down to easy of use, single function app.
Anybody know what the difference between meetme and tinder is, both apps allow you to find and interact with people near you. Meetme has been around for more 3 years and tinder less than 2 years. Meetme is just getting to 1m DAU and tinder is at 7.5m DAU and rising fast. Meetme 2015 revenue est. are around $55m and tinder is at $180m. Whats the deal?
Come on, why are you people responding to gio and mam, you're just feeding their need for conflict, they made their case about 10000 posts again, let it go! If you think the stock can go to $4, then buy, if not then sell/short, time will tell. GL
quantcast page views are counts of pages on an old school browser, both mobile and online browsers, mobile app visits is the # of sessions from start of app or background state.
Not sure I follow, since page views are a website metric and have been flat for months.
I've been watching mobile visits assuming each visit is an opportunity to generate $, cutting visits in half must have an effect on $ generate??? I guess I will find out when they report.
I'm a little surprised they didn't reaffirm revenue guidance. Of course total visits are still down 50% after the hacking, since the chat feature was not hurt, I assume users are now using meetme as a chat app and avoiding the other features of the app/website???
Have you checked quantcast, go have a look, the update is correct about the 880k ave DAU for Q3, but does not tell you that the # of visits dropped from 7.5m per day to 3.5m and is at 2.2m this month, also note the DAUs have dropped in Oct. to around 600k and downloads of the app are down 50%. They need to turn these #s around fast or Q4 is in trouble!
Ok, the analyst (wunderdudes) used quantcast user growth in their recommendation, but at this point unique users (daily) has dropped from over 1m to about 600k, visits have gone from more than 7m to 2.5m, but what do I know, I'm just an internet blowhard. cheers
Sentiment: Strong Sell
Daily uniques visitors dropped 200k at end of Qtr., # of visits going down fast. Just look at quantcast. I have been a supporter of this company for about 2yrs, but after the hacking I gave up, I've been here as long as Gio and he is correct this is going down.
Sentiment: Strong Sell
Not short, just sold my long position because of concerns over the drop in daily visits at meetme, if that makes no sense, I'm willing to be educated. Also, my rev #s are probable too low, but the # of visits on meetme is based on quantcast, at about the mid point of Q3 visits went from about 8m a day to around 4m and have stayed at this level, I assume that if the amount activity is cut in half that will affect ad dollars. GL
Are they saying that the # of users determine earnings but not the number of visits to the site? Its clear from quantcast that Q3 will have about 100m fewer visits than Q2, but Revs will be higher!!! I'm sticking to my view that Meet will miss and report between $9m and $10m in Revs.
Be careful, daily unique visitors dropped about 20% from the high last month, additionally, the number of daily visits went from more than 7m to 2.9m after they were hacked and has been stuck there for over a month. I believe they will miss their Q3 numbers. I would not hold the stock at this point. GL