FLASHBACK | Hedgeye Goes Bullish On Twitter (TWTR)

06/28/18 12:51PM EDT

For quite some time, our Internet & Media analyst Hesham Shaaban was one of the biggest bears on Wall Street when it came to shares of Twitter (TWTR). That was until the company's strategic turnaround. He eventually turned from one of the biggest bears on the stock to one of its biggest bulls.

He eventually added Twitter to his "Best Idea" long list on December 20, 2017. One week later, Hedgeye CEO Keith McCullough added it to Investing Ideas.

Since then, Twitter has surged 82% higher. For comparison's sake, the S&P 500 is essentially flat during this time. 

FLASHBACK | Hedgeye Goes Bullish On Twitter (TWTR) - twtr

Below is a brief clip of Shaaban from April explaning some of his thought process behind his long call.

“Twitter disappointed a lot of investors dating back from the IPO all the way through mid-2016. Because of that, it’s taking the Street a long time to warm up to the idea that Twitter self-corrected. When we look at what had happened to Twitter and where they are today, it’s two completely different stories.”

Click below to watch


FLASHBACK | Hedgeye Goes Bullish On Twitter (TWTR) - investing ideas

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