Pinterest: Perspective Matters
The stock market can be a fickle place with a company valued based on the last quarterly results, not the normal growth rates of the business. (PINS) is a prime example of a business that boomed during COVID-19 lockdowns and is now struggling with tough comps. My investment thesis is turning more Bullish on the stock after the excess valuations of early 2021.
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Disclosure: Long TWTR. Please review the disclaimer page for more details.
Update Oct. 1
Nice dip to $50 this week, but the downtrend doesn't appear broken. The stock is really interesting at $45.