A great business, but their IPO price was too high. Shares have come down a full third. It's a cautionary tale. It's still too expensive.
Stock price when the opinion was issued
He didn't recommend its IPO. Share were too hot, but have since fallen a lot to $160. They reported merely an okay quarter with disappointing margins. It has since partially recovered to $221.
Build your watch list
Sign in to track investmentsyou care about
Stockchase Premium
Spear Advisors LLC
CNBC
The Murray Wealth Group
Virtus Investment Partners
A great business, but their IPO price was too high. Shares have come down a full third. It's a cautionary tale. It's still too expensive.