However, the company has a strong brand, technology, and network effects. Many investors quickly dismissed Pinterest due to the lack of growth in users. However, tough YOY comps and the reopening of the economy caused the stock to crater back down to where it started, down 75%+.Īs we'll investigate further, the fundamentals of the company remain strong.
Consequently, Pinterest enjoyed massive tailwinds, causing the stock to skyrocket. In this article, I deep dive into the company and determine whether it's worth purchasing shares at current levels.ĥ./15 WEST/iStock Unreleased via Getty Images Investment ThesisĪs a result of the pandemic, stay-at-home orders and social-distancing policies had people spending more time on social media apps, one of which is Pinterest. ( NYSE: PINS) has been "Pinned" on my watchlist for quite some time now.
0 kommentar(er)
