100% buying opportunities at this drop on great news. We will pop over 4 and never look back.
Stocks trade at premiums based on hype or significant growth potential. However, at the very basics, cash and cash flow rule the day. Currently MEET trades at less than 8 times CF one of the highest CF yields of any public company. However, the other companies trading at these low levels of CF have significantly declining revenue. How management can't get investors on board and the stock price to at least $6 or $7 per share, which would equate to 15 times CF or 7% yield (still high in today's market) is beyond me. They must be the world's worst sales people.
Why would a company that makes 35million a year sell for 70-80 million? Did the article say meet now 80mill in debt to jpmorgan and silicone valley bank? I need to look up this site they just bought.
70m cash for 2m daily users. Is that a good deal? I really don't know. At least this deal involves cash and no delusion of shares. It might even bring up EPS