Snap: Pump The Brakes
Snap reported improving revenue and user trends, but investors need to dig further into the financials. The company hasn't figured out a way to reduce cash burn to acceptable levels. The stock trades at a wild multiple of sales with the stock now worth nearly $30 billion. Investors need to be careful following the analyst crowd. Snap ( SNAP ) surged nearly 50% the day following Q4 results that beat analyst estimates. The important numbers though showed no significant improvements warranting a sudden positive change of opinion in the stock suggesting that investors need to hit the brakes on this rally. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.