We joined CNBC on Tuesday, April 23 to discuss Snap’s earnings, the competitive challenges it faces, and its valuation.
With Snap (SNAP) trading 50% below the opening price of its IPO day, some believe the stock is now a bargain buy. However, have the issues Snap faced even before its IPO, such as lack of defensible moat and questionable corporate governance, been solved? If not, Snap – even at its lower valuation – would still look significantly overvalued.
This article originally published on April 23, 2019.
Disclosure: David Trainer, Kyle Guske II, and Sam McBride receive no compensation to write about any specific stock, sector, style, or theme.