You do realize that 12.56 is still below pre-ER $13.5 still below $17 pre-IPO. You are getting a little too excited over one up day.
SNAP - snapchat
- Thread starter hhiusa
- Start date
A list of institutions that recently closed their positions completely
SNAP 13F-HR 8-11
JPM sells 4,603,386 shares (41% decrease in their position), but realizes a 53% loss.
FMR LLC once the biggest shareholder in SNAP liquidates 54.54% of their position realizing a $85 million loss and $151 milion unrealized loss.
Hilarious to see supposed smart cookie hedge funds were some of the suckers - Marshall Wace, Landsdowne, Third Point - always promoted (by their own PR Co no doubt) in the media as sharp cookie hedge fuind investors. Bunch of suckers.
Pretty amazing isn't it. It makes one wonder what the hell really goes on.
https://www.sec.gov/Archives/edgar/data/1564408/000119312517029199/d270216ds1.htm
It does make one wonder, but it really is a moot point. I see the scenarios as thus: He can't lie because it would be illegal, and so, he can choose to stay quiet as he has done--which is pretty telling--or he can open his mouth to try to convince the public, which brings with it its own problems. If he says, "yeah, we are working on 'something' right now that will blow your socks off" people will likely grill him to find out, which means that he really has to have something in the works; has to have 'something' to explain in good detail or else worry about scaring big money. Right now, staying tight-lipped is his best option because it causes people to do what @vanzandt and other are doing which is "wonder". If he were to open his mouth, we would most likely realize there is nothing of substance going on.
The Q2 CC was a good example of that. One analyst's statement during it was, "What does that even mean?", bursting the bubble the CEO was trying to paint with nothing more than a string of buzzwords like "growth hacking". Just keep on "growth hacking" buddy. Their Q3 will 99% be a failure as in missed ER. The company has even said as much in their S1 filing with the SEC that they do not expect to be profitable for many quarters to come. So, this means that on Q3 when they report some time around November 10, the stock will plummet as has been the case in the past two quarters. Instagram will likely have reached 1 billion users from 700 million under the tutelage of Facebook, which itself long surpassed 1 billion users. Facebook, Google and Amazon are using their vast resources to jump across industries, while Snap stays locked in its industry growing its user base at a snail's pace.
According to S1 filing "Substantially all of our revenue comes from advertising, so our ability to generate revenue in a particular country depends on the size of its advertising market. Global advertising spend—especially mobile advertising spend—is extremely concentrated, with over 70% of overall advertising spend and nearly 85% of mobile advertising spend coming from the top ten advertising markets"
To those who think a buyout is likely - Why would any company buy another with all that bad debt, essentially that spends more than $2 just to earn a $1 in revenue, without copy preventable features--Instagram has successfully done this--and, lackluster management. If you have the resources, you do what Google and Facebook have already done. The same will happen to Snap that is already happening to Blue Apron - IPOed at $10, last sale $5.31.
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Snapchat is going down the hill and two young idiot co-found soon face bankruptcy unless they hand over the firm to google who are seeking new investment projects. Their spending on R &D has increased substantially while their profit margin fell substantially. Their PE ratio is negative and their gross margin is even negative. How can they cover the current liability in the long term when investors see negative future growth ? lol
Lastly, their credit rating indicates that they are on the way to bankruptcy
Lastly, their credit rating indicates that they are on the way to bankruptcy
'two young idiot' - not quite, they played the market for fools and if the stock is trading anywhere above zero when they can sell their shares at year end they will walk away laughing as rich men. The losers are the pension plans of ordinary people - the VC's probably go theirs already - all the money that will be made is made prior to the IPO.
Well, there will be losers from minor investors too. I think it was last year and someone created a thread on snapchat IPO and I said that "they don't have co-competency to survive in the market and you guys will lose your money if you buy their shares " but the majority of traders who participated in the thread said they were going to buy their shares because snapchat will be next FB, google etc lol
I just hope they have liquidated their shares
I just hope they have liquidated their shares
Another Snap die hard bites the dust. I find it interesting that @victorycountry has written 799 posts and 140 likes while you @mokwit have written 2,452 with just 9 likes. It's not a popularity contest, but I think that speaks to the differing quality and competence in the posts.
I will stick with my assessment of SNAP. I agree with @victorycountry