We've have had a rather nice run with LinkedIn (LNKD) on the long side, but we're booking the gain today. LNKD shares are up over 20% since we added the stock to Investing Ideas in August. For comparison's sake, the S&P 500 was down -1.4%.
As readers are aware, our Internet & Media analyst Hesham Shaaban has been cautious about staying long into the 2016 guidance release. Here is what he had to say in a note sent to institutional subscribers earlier this morning:
"... Our concern is not LNKD's fundamentals, but rather a conservative management team that probably isn't willing to box itself into guidance that is can't confidently raise throughout the year."