I Said Twitter Was A Screaming Buy – Was I Right?
It was only about ten months ago, on August 2, 2017, that I wrote the article, Why Twitter is a Screaming Buy. I discussed several reasons, including Twitter’s biggest asset (Donald Trump). Also, I detailed an extensive coverage of earnings and the lack thereof. I also came up with some suggestions about how Twitter could improve its revenues.
At the time that I wrote the article, the stock was trading for less than $16 a share. It closed at the end of that day at 16.07. What’s it trading for now? Currently, the stock is up 3%, so far Friday, trading at 40.94.
What’s the return if you had bought the stock back on August 2? A very respectable 155%. Not bad for a holding period of less than a year.
The bird is flying.
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