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.
Read the full article on Seeking Alpha.
Disclosure: Long TWTR. Please review the disclaimer page for more details.
Update Oct. 27
Amazingly, Pinterest has fallen $20 following the collapse of the acquisition talks with PayPal (PYPL). The stock is now in the buy zone, but the falling knife move makes Pinterest a stock to avoid for now.
Update Oct. 1
Nice dip to $50 this week, but the downtrend doesn't appear broken. The stock is really interesting at $45.