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Momo Inc. (MOMO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12.44-0.71 (-5.40%)
At close: 4:00PM EDT
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  • T
    TigerCuta
    if you compare MTCH with MOMO nothing makes sense. MTCH is worth 44B in market cap, while MOMO only 2.7B, but MOMO has more revenues, and only 100-200 million less net income than MTCH. In addition, MTCH has decreased a lot because of the pandemic, much more than MOMO, however, MTCH only increases its SP. It goes up and up and up, while MOMO goes down and down and down. Honestly, if MOMO were American it would be worth 20 times more, I have no doubt. Chinese stocks in the US are brutally devalued (not all, but about half). There are so many examples of Chinese companies that have more revenues and better net income than American companies that are their peers, but they are worth 5 or 10 times less. Therefore, when evaluating a Chinese company, the American market does not apply logic. There is a huge bias.
  • e
    evra
    The market is a voting machine on the short term but a weighing machine on the long term.......Or so I've heard
  • J
    Justin
    "Execution of share repurchase program
    On September 3, 2020, Momo's board of directors authorized a share repurchase program under which the Company may repurchase up to US$300 million of its shares over the next 12
    months. As of June 8, 2021, the Company has repurchased approximately 4.77 million ADSs for approximately US$65.5 million on the open market under this program, at an average
    purchase price of US$13.69 per ADS."

    As of June 8th they still have $234.5 million USD for repurchase they need to to use with only 1.5 months left.

    Hopefully they didn't use it the last month.

    But if they have the dry powder would be a good time to use it for us shareholders.
    Bullish
  • M
    Martin
    buying time!! fire sale,great company will be 60s soon + nice dividend + share buyback!
    Bullish
  • T
    TigerCuta
    The company has bought at an average of 13.65 (very well advised by a price expert, from what we can see in the chart). Starting with a lower price, it is an entry price and averaging down
  • T
    Turq
    On a positive note, the continuation of low prices are great for share buybacks. Not sure that is too helpful for the "traders" and people hoping to make a quick buck. If deep value stocks were an overnight sensation, we would not have the chance to find and buy them!
  • M
    Matthias
    best Stock to buy,Pays big divi too!
    Bullish
  • F
    Frodo Baggins
    MOMO has not been trading on Fundamentals or Technicals for over a year. Just unlimited butt-jiggling, fear and manipulation on the part of the stock managers.

    Grus Gott Momo Martin!!! :)
  • M
    Martin
    Momo is worth at least 60 usd as dating market leader in china and soon se asia!
    Bullish
  • S
    Shabas
    Have a small position.( its what i can afford to invest).. i don't think china will force companies to delist from US. however its barganing chip for future negotiation... overeaction will make you lose money... there are big institutions (vanguard blackrock etc) not selling y r u.?
  • M
    Martin
    buyback taking place, hardcore buying time!!
    Bullish
  • M
    Martin
    buying more, awesome price!
    Bullish
  • A
    Alexperience2000
    $HUYA conversation
    The darkest moment is right before dawn... the best buying opportunity is when everyone is fearful and stocks are heavily oversold. $yy $baba $huya $doyu $momo $iq $qtt $uxin $pdd $jfu $jt $qd $kweb $jd $bili
    Bullish
  • D
    Derek
    Momo will be rewarded the next US crash as investors diversify into foreign stocks. Congrats on being the smart money 👍🏻
  • M
    Mathias
    As longtime shareholder who has mostly ignored the drops today finally has me feeling hopeless
  • R
    R
    If the company doesn’t start buying back shares as this price, everyone should be fired.
  • T
    TigerCuta
    As an investor you have to move from crash to crash. There are always crashes, and buy very cheap. No need to wait for systemic crashes every several years. There is always a crash, or in a sector, or in a nationality, or specific market corrections, etc ... Chinese companies have a clear and obvious crash, and it is irrational. It's time to buy DOYU, MOMO, EH, etc ... their market caps are ridiculous, if they were American they would be worth 10 times more without possible discussion, and with comparative fundamentals or potential business. This is reality, this is our chance. Fear is not for me.
  • J
    Jack
    Bought on Monday at 12.2 bought more now, thanks again Mr Market
  • A
    Anonymous
    Did anybody notice Yahoo statistics listing the book value $70.73/share, and cash $55.32/share for this stock? make sense or wrong data?
  • F
    Frodo Baggins
    Volume size and volume pattern almost exactly same as Monday. Actually slightly less.

    Wedbush says investors have capitulated and had enough. Guess that means all sold.

    US Govt. and China Govt. took a bet, starting with orange baboon, to see which govt, could kill US ADR investors faster. So far its a draw and both sides are winning. The old baboon is continuing the orange baboon's work.