Skillz has fallen all the way to $9 after initially soaring to $46 on hype surrounding fast growth. The company hasn't proven that high spending on marketing leads to better long-term economics. The stock has a more appealing valuation of $4 billion, but Skillz remains a falling knife to avoid for now. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street. Learn More » As with a lot of the original hot SPACs, Skillz ( SKLZ ) came out of the gate red hot based on massive revenue growth projections. Unfortunately, the market didn't fully research the factors driving those high growth rates. My investment thesis is far more Neutral on the stock now, but my view needs the company to improve user numbers before turning fully Bullish. Read the full article at Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. Update - Nov. 3 Skillz reports after the close with the stock jumping into ear
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By Mark Holder -
Pinterest reports a mixed picture for Q3'21 with MAUs again down 13 million sequentially. The stock is soaring AHs based on solid guidance and a return to user growth in January. The stock trades at ~6x sales targets making Pinterest appealing here with a return to user growth and a long path towards higher ARPUs. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » Following the horrendous Q4'21 results from Meta Platforms ( FB ), the market was fearing the worst from Pinterest ( PINS ) heading into their quarterly report. The company didn't exactly wow investors with the quarterly numbers , but the stock is soaring on better than feared guidance. My investment thesis is more Bullish on Pinterest in the low-$30s following a 50% decline in the stock heading into earnings. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.