|Day Low/High||32.27 / 33.08|
|52 Wk Low/High||22.67 / 48.22|
Cramer says Starwood is a great play on China while Stratasys is the best of the 3-D stocks.
Chegg (CHGG) plunges to an all-time low of $6.08 on Friday after the textbook rental company said it expects to post an adjusted EBIDTA loss of $10 million to $15 million for the full year, up from $4 million in 2013. It also expects gross margin to decrease to a range of 25% to 27% from 32% in 2013. Chegg also expects first-quarter revenue of $70 million to $72 million and full-year revenue of $310 million to $320 million, both of which align with the consensus estimates of $70 million and $313.3 million, respectively. Chegg also struggled in the print textbook rental department, as sales rose only 3% year over year to $60.5 million in the fourth quarter. Revenue from digital products and services, though, soared 70% to $16.7 million. This accounted for 22% of total revenues in the quarter, compared to 14% in the same quarter in 2012.
This trade did not work out. But I lke the risk-reward on a new S&P 500 options play.
Staples isn't content with being the second-fiddle online retailer as it continues to push into new areas. This time it's book rentals.
Buying Chegg is a positive leap of faith with tough risks and possibly attractive rewards.
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