|
03-03-2017, 10:39 AM
|
#1
|
Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
|
Snap
What a fraud this company is. Valued at $32 billion? There's no way they grow into that valuation. This isn't Facebook or Twitter, which have wide demographics. Nobody over 21 is going to use it. Great short candidate.
|
|
|
03-03-2017, 08:29 PM
|
#2
|
tmrpots
Join Date: Jun 2008
Posts: 2,285
|
Quote:
Originally Posted by Valuist
What a fraud this company is. Valued at $32 billion? There's no way they grow into that valuation. This isn't Facebook or Twitter, which have wide demographics. Nobody over 21 is going to use it. Great short candidate.
|
Twitter might have wide demographics, but don't forget how it started out. Check out these two hot IPOs.
|
|
|
03-04-2017, 01:22 AM
|
#3
|
PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,501
|
My personal favorite in the last decade was CROCS...
ugly ass shoes (in my opinion) + total fad + insane stock price = EPIC FAIL
|
|
|
03-04-2017, 09:05 AM
|
#4
|
Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
|
back in the 90's almost every tech ipo went through the roof for a few years. you never paid a commission on the way in but i used to get socked to the nines on the way out. i paid a boutique firm called Hambrecht and Quist $500 to trade 1000 shares back then. it didn't matter though because they were all rocket rocket ships, some doubled the first day they came out or more. i think those days are gone now, but there are other things you can do to get some smaller pops. like putting money into mutual banks that haven't gone public. having a deposit in those banks makes you eligible to buy their de-mutualized shares. they can go up 10-20% initially. the same with mutual insurance company's where you would have to own an insurance policy with the company.
|
|
|
03-04-2017, 12:18 PM
|
#5
|
tmrpots
Join Date: Jun 2008
Posts: 2,285
|
You could also speculate on possible takeover candidates, if you don't mind sitting on them for a while.
Two that come to mind are Twitter and Square, although Twitter has been passed on a couple of times already.
|
|
|
03-04-2017, 07:51 PM
|
#6
|
Registered User
Join Date: Jan 2010
Posts: 2,176
|
Quote:
Originally Posted by Valuist
What a fraud this company is. Valued at $32 billion? There's no way they grow into that valuation. This isn't Facebook or Twitter, which have wide demographics. Nobody over 21 is going to use it. Great short candidate.
|
A woman friend who's in her late 50's is an avid user and wanted to buy the IPO. I told her to wait until the dust settles. I agree on your valuation comment, but I remember when Priceline was an IPO, I said no way they're worth their ridiculous soaring price at IPO. It stands at 1700 and change today.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
|
|
|
03-04-2017, 08:11 PM
|
#7
|
tmrpots
Join Date: Jun 2008
Posts: 2,285
|
Quote:
Originally Posted by Whosonfirst
but I remember when Priceline was an IPO, I said no way they're worth their ridiculous soaring price at IPO. It stands at 1700 and change today.
|
William Shatner agreed with you and he sold all of his stock for a mere fraction of what it's worth today.
|
|
|
03-05-2017, 12:31 AM
|
#8
|
Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
|
Quote:
Originally Posted by barn32
You could also speculate on possible takeover candidates, if you don't mind sitting on them for a while.
Two that come to mind are Twitter and Square, although Twitter has been passed on a couple of times already.
|
Snap could buy Twitter as TWTR's market cap is roughly only 1/3rd of Snap. I do believe Twitter will be around in 5 years. Snap? That's anyone's guess. What until the lockup is over.
|
|
|
03-08-2017, 10:49 PM
|
#9
|
Veteran
Join Date: May 2016
Posts: 1,831
|
Quote:
Originally Posted by Whosonfirst
A woman friend who's in her late 50's is an avid user and wanted to buy the IPO. I told her to wait until the dust settles. I agree on your valuation comment, but I remember when Priceline was an IPO, I said no way they're worth their ridiculous soaring price at IPO. It stands at 1700 and change today.
|
Problem is, it went to a split adjusted $7 or so from a high of near $1000 before this huge long term recovery.
It's not the road that kills you its the detours - A. Sorry Seller (circi 1832)
|
|
|
03-09-2017, 10:39 AM
|
#10
|
Registered User
Join Date: Jan 2010
Posts: 2,176
|
Quote:
Originally Posted by AltonKelsey
Problem is, it went to a split adjusted $7 or so from a high of near $1000 before this huge long term recovery.
It's not the road that kills you its the detours - A. Sorry Seller (circi 1832)
|
I was in the biz back when it was an IPO and it was a rocket ship right from the start. The Dot.com crash brought it back down over two years, while most of the other dot-com's are gone, it's still around. Never owned it. I think that whole time in history has restrained many of the IPO's since then, rightfully so.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
|
|
|
03-09-2017, 10:41 AM
|
#11
|
Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
|
The market cap was $34 billion the other day and its already less than $27 billion. Just wait until the lockup is over.
|
|
|
|
Thread Tools |
|
Rate This Thread |
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|