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Love the name. Renren, it's so nice they have to say it twice.They can say it three times and tap their shoes together, but they still aren't going to make money besides what they made selling off thier only real potential asset. True, it generated some cash.This runup the last few days could be pre-earnings leak....it could be China stocks are doing well lately....it could be someone bumping it, tripping shorts, activating computers, generating rumors and looking to have some fun. NYSE asked them about the recent volume and share price rise. As expected no comment, but this seems to have quieted things down. I was going to wait until earnings to make my play, but now seems a good time. A 25% run-up on no news could be dangerous, but one based on peer sentiment is too good to pass. Growing revenue, negative cash flow. Sold best asset.
facebook of china, 1/100 of MC, aprox 1 billion cash buying back own stock, great play for future
Now it is low enough to buy. No brainer, the Chinese Facebook, as badly managed as it might be, at this price it is a buy... for long term, not sure what it will do in the next days, but I am pretty confident it will be a multi bagger within the next five to ten years. Putting in real money as well, as always
IHS china facebook
China is huge.
Bidu acquisition of Renn is an amazing possibilty. Stock would virtually double overnight! Renn is to Bidu as Facebook would be to Google! They would love to own facebook but missed the opportunity. Bidu is not only copying Google, perhaps they will learn from them as well! Bidu's recent acquisitions make this an even more likely possibility.
Trading almost at cash value.
Its has a great chance @ adouble
Penny Stock Detective
Large growing user base. Few liabilities and good cash position. Big risk is FB entry into China. Renren is not a Zynga; it is an ecosystem with a Zynga division.
This is like Facebook which is overvalued, but unlike Facebook , ?? has serious competition from Weibo and QQ. So this lacks the ubiquitous in China that Facebook enjoys in the US.
This company has many valuable parts that are not even close to being priced in. May need to see asset sales or spin offs to bring true value to light.
The "Facebook of China" talk notwithstanding, this company has many movable parts that we believe to be significantly undervalued. Looking for a liquidty event to get some recognition of the latent value here.
This is a hedge against my FB red thumb. It has a much nicer valuation.
It is one of the stock I most believe in. I think it did not deserve this bad beating. Should move up from now, many good opportunities ahead. The game business goes very well and I'm looking forward for the spin-off in september. The video site is also doing good, 56.com is ranked #30 in China whil the 2Bn$ giant Youku is #12. Renren should have a bright future.
Best case scenario. Facebook partners with Renn RennChina will continue to focus on Consumerism instead of Manufacturing. Facebook does to a society what China wants for its populace. Facebook in China is inevitable
wouldnt touch it in real life, but worth it here
It is China's facebook but the value is now only the fraction of facebook, while the Chinese Internet market eventually will overpass the one in the US.
With Facebook going public there will be a lot of attention paid to China and its huge young market
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