Below is a note written by CEO Keith McCullough on why we're adding Pinterest (PINS) to the long side of Investing Ideas today:
|
Unlike UBER and LYFT, my Independent Research Team (read: no conflicts of interests like you see on Old Wall TV) liked PINS on the IPO. The only risk management decision making #process from there is to let the stock breathe so that it can develop a risk range. Then, like anything else, we wait for a correction to the low-end of its @Hedgeye Risk Range. Here's a summary excerpt from Communications Andrew Freedman's Pinterest (PINS) notes to our Institutional Research subscribers: "There is a lot we like about the company and its fundamentals. We like that PINS is in the very early stages of monetizing their 265 million MAUs (184M Intl / 82M U.S.), especially in international markets where ARPU averaged a paltry $0.06 per quarter in 2018." Buying on red is what we do. We don't change that because people "feel" differently about a new regime of volatility, |
