Pinterest (PINS-N)

It has been around a long time but many people don't realize that 2 1/2 years ago new management came in and really changed things. They improved the site and are using AI to make both the content and ads more relevant to the users. In the last quarter it had 16% revenue growth and the number of users was up 10% year over year and is accelerating. Ads are increasing too. It also raised guidance. Trades at less than 19 X earnings.
Buy 31  Hold 10  Sell 0

In just 3 months, this has jumped from $25 to $37. Take some profits.

It is an interesting name. It is very focused on particular interest groups in the social media space. It did well during the pandemic and has pulled back. He does not think it will gain market share from the other social media companies. He would prefer FB-Q or GOOG-Q.

It's surged from $34 to $84 since the TikTok deal collapsed, and now trades at 20x sales--one of the priciest stocks around. He'd like Microsoft to buy Pinterest. PINS benefits from a shift to kinder social media, post-Trump.

Likes the product. Concern is one of scale. How much bigger can it be, and how compelling is the product? Likes the cyclical aspect of increased ad revenues. Better ways to get access to those revenues, such as Google or a media content library owner.

Was up 9% today. Like Snap, its young users are driving this app and stock. Stuck at home, kids heavily use apps like Pinterest now, to spend their time.

Add to my position? Lacks an impressive history of ROI, so he doesn't even follow it. PINS doesn't even have a profit. Interesting that the stock shot up in July, which is a bullish signal and a good sign. In the high-$30s/low-$40s, add to your position.