Now That Twitter's Tanked, It Still Becomes Interesting Under $40
Action Alerts PLUS research director Jack Mohr weighs in on Twitter's (TWTR) disappointing results and also sheds light on where he still sees value in the company and its stock.
After shares of Twitter (TWTR) were pummeled after its leaked first quarter results came in well below guidance and consensus expectations, Action Alerts PLUS research director Jack Mohr weighs in on the results and where things broke down. He also sheds light on where he still sees value in the company and its stock. Mohr stresses that shares of Twitter become very interesting under the $40 level. If the stock goes even lower than that, Mohr says it's wise to consider that Twitter's platform has so much opportunity that companies like Google (GOOG) may look to take it over. For now, he says the problem remains that Twitter's current management isn't capitalizing on that opportunity.
