Snap (SNAP) has been on a tumultuous ride since the early March IPO. After soaring as high as $27 out of the gate, shares have since been cut in half and are now more than 20% below the IPO price.
With 2Q17 earnings on tap for Thursday, Snap is looking to redeem itself from the 1Q17 earnings disaster. Should investors take a second look, or do the issues we highlighted in February 2017 still plague the company?
To learn more, watch New Constructs CEO, David Trainer discuss Snap’s business and its current valuation.
This article originally published on August 10, 2017.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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5 replies to "See Us On CNBC Discussing Snap @ 4:10ET Today"
Tell me more about the so called 5.3 million dollar error made by cel-sci corp $CVM you caught my attention now fill me in so I can fully understand the problem
On CVM’s latest 10-Q, their accumulated deficit–which represents the total loss over the life of the business–is off by $5.3 million. CVM reports an accumulated deficit of -$289,584,687, which means their balance sheet doesn’t actually balance. You can see the error here
CVM’s actual accumulated deficit is $294,986,372.
Dan Loeb does exactly what we suggested on CNBC: https://www.thestreet.com/story/14270485/1/billionaire-dan-loeb-dumps-entire-snap-position-after-just-one-quarter.html?puc=_htmlttt_pla8&cm_ven=EMAIL_htmlttt&tstmem=63005788&utm_source=newsletter&utm_medium=email&utm_campaign=TTEN&utm_term=Billionaire+Dan+Loeb+Dumps+Entire+Snap+Position+After+Just+One+Quarter
WE ARE SORRY: BTIG apologizes for overestimating Snap
http://www.businessinsider.com/snap-stock-price-we-are-sorry-btig-apologizes-for-overestimating-snap-2017-10
Report from “The Information” – Snap badly overestimated demand for Spectacles and has hundreds of thousands of unsold units in warehouses. https://qz.com/1109292/snapchat-snap-has-hundreds-of-thousands-of-pairs-of-unsold-spectacles/