Stock price when the opinion was issued
Would stay away from this. Thinks they are trying to reinvent their business model and salvage what they can. You just don’t need to be there. When a growth stock breaks its trajectory and breaks its business model and is no longer growth, you want to stay away from it, at least for 2 years, but 5 years is probably a better rule of thumb.
This is an enigma wrapped up in a riddle. The stock is now at one third of where it peaked at. It is trading at just 70% of sales, so it looks appetizing. For them to continue to grow their business, it is going to require a lot more spending, and he is still not convinced it is the type of business where competitors cannot come in at will.