Likes the product. Concern is one of scale. How much bigger can it be, and how compelling is the product? Likes the cyclical aspect of increased ad revenues. Better ways to get access to those revenues, such as Google or a media content library owner.
The only social media platform to emerge from Q3 unscathed. It's now entering into a cooperation agreement with an activist firm that took a large stake in Pinterest last summer. Elliott Stikeman has a track record of unlocking value. Also, they just got a new CEO.
Rumours that PYPL is looking to purchase it around $70 a share. Pretty big nut for PYPL, but it would fit nicely into their model. He owns PYPL instead, and would consider buying more on a further pullback.
It is an interesting name. It is very focused on particular interest groups in the social media space. It did well during the pandemic and has pulled back. He does not think it will gain market share from the other social media companies. He would prefer FB-Q or GOOG-Q.
It's surged from $34 to $84 since the TikTok deal collapsed, and now trades at 20x sales--one of the priciest stocks around. He'd like Microsoft to buy Pinterest. PINS benefits from a shift to kinder social media, post-Trump.
Communications and social media spaces are growing rapidly. This one has the most upside. It's extended, and could have pullbacks, so you have to be able to stomach that. Great company. Will likely get a chance to buy on a pullback, and he'd buy.
It's not social media, but it's really a pre-shopping site that helps consumers decide what stuff to buy. Advertisers love this. They just exploded their ad revenue. User growth is off the charts. PINS is becoming profitable unlike many social media companies.
It delivered a slam-dunk report after today's bell. Social media will remain a bull market during this pandemic as it remains the best way for advertisers to reach kids in the digital age.
Was up 9% today. Like Snap, its young users are driving this app and stock. Stuck at home, kids heavily use apps like Pinterest now, to spend their time.
Add to my position? Lacks an impressive history of ROI, so he doesn't even follow it. PINS doesn't even have a profit. Interesting that the stock shot up in July, which is a bullish signal and a good sign. In the high-$30s/low-$40s, add to your position.
It has delivered all its pre-IPO targets, though the stock has disappointed. Good revenue growth rate and moving towards profitability. Great potential in e-advertising. Pinterest has moved past Snapchat as America's third-most popular social marketer. They report earnings tomorrow. (Analysts’ price target is $27.00)
He's looked at it a few times. The topline is growing nicely and losing less money year-over-year. Its revenue comes from advertising and he's never made money as an investment in companies with ad-based revenue models. He expects PINS to be taken out at some point, either Google or Facebook.
Likes the product. Concern is one of scale. How much bigger can it be, and how compelling is the product? Likes the cyclical aspect of increased ad revenues. Better ways to get access to those revenues, such as Google or a media content library owner.