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Looking strong! Monster squeeze occurring....combined with potential buyout... and earnings on the horizon.
This will be an interesting couple weeks ahead!
3.79! Load up!
Note to IHUB followers - on 1-7-09 meet closed at 5.04...
On the launch pad...
http://ir.themeetgroup.com/file/Index?KeyFile=396300691
Well, it was $3.38 when I posted that and it was over 4.70 for a bit today. Thinking $5.00 pre-earnings and hoping with good earnings we run over $6.
Do your own due diligence borobo... think you will see MEET is undervalued.
Video conferencing revenues should push earnings the next couple quarters... maybe more...
June could be a fun month for this stock.
Current stock price is $3.38 and MEET group is ramping up video launch- https://www.businesswire.com/news/home/20180531005209/en/
Let’s hope for individual press release s for each future rollout!
Shorts better cover before it is too late...
Believe we could see a quick move to $5 on the horizon... June could be fun and this stock has been beat down way to long.
“We are off to a strong start to the year, with growth from live video monetization accelerating at an even faster pace than we had anticipated,” said Geoff Cook, Chief Executive Officer of The Meet Group.
Goodwill impairment $56,428,861
Goodwill impairment is an earnings charge that companies record on their income statements after they identify that there is persuasive evidence that the asset associated with the goodwill can no longer demonstrate financial results that were expected from it at the time of its purchase. Because many companies acquire other firms and pay a price that exceeds the fair value of identifiable assets and liabilities that the acquired firm possesses, the difference between the purchase price and the fair value of acquired assets is recorded as a goodwill. However, if unforeseen circumstances arise that decrease expected cash flows from acquired assets, their fair value can be lower than what was originally paid for them, and a company must book a goodwill impairment.
... $56 million... #%*!&$
Earnings out this week. We need a solid quarter with an upbeat next quarter. Just bracing myself for another letdown... seems Cook and Co. can really butcher an earnings conference . If par to subpar, can’t see this going much lower. If it is a homer- we gap up over $5.00 quickly. I’ll be sitting on the launchpad come Thursday waiting to see what video conferencing and Lovoo have contributed. I’m optimistic it will be nothing less than spectacular...
LOVOO... video gifting ... future looks bright for MEET. Wondering when mgmt will initiate a stock buyback? At these levels they need one and they have the $ to do it. Also wish the leadership in this company would actually start buying some shares. Is this asking too much?? Shareholders have been tortured this year and deserve better.
Just hoping we will look back in June of next year and wish we had bought all we could at these levels.
A little good news is what this stock needs... and management needs to start producing in 2018!
Total Revenue for 2016 Increased 34% Year Over Year
Mobile Revenue for 2016 Increased 56% Year Over Year
GAAP Net Income for 2016 (excluding one-time deferred tax benefit) Increased 204% Year Over Year
Adjusted EBITDA for 2016 Increased 45% Year Over Year
Full Year Adjusted EBITDA Margin Increased to 39%
Fourth Quarter 2016 Financial Highlights
Total revenue was $29.2 million, up 47% year over year.
Mobile revenue was $27.8 million, up 62% year over year.
GAAP net income was $9.9 million, or $0.15 per diluted share, up 63% year over year.
Non-GAAP net income was $12.4 million, or $0.19 per diluted share, up 56% year over year.
Adjusted EBITDA was $12.8 million, or a 44% margin, up 42% year over year. (See the important discussion about the presentation of non-GAAP financial measures, and reconciliation to the most direct comparable GAAP financial measure, below.)
Cash and Cash Equivalents totaled $21.9 million at December 31, 2016.
Huge volume and nice move yesterday for MEET!
This attributed to yesterday volume: From Yahoo Msg Board "Louis Navellier is the newsletter writer that picked up MEET"
Go MEET!
Cook and company are masters of botching an earnings call. Street didn't like their guidance for 1st qtr.
It was a great year for MEET. Hopefully long-term stockholders will be rewarded in the near future. Not sure I can go through another earnings call debacle...
What is MEET currently worth?
This was on YAHOO msg board posted by digitcipher on Jan 7, 2016.
"Imho...if you use a simple yet objective metric....I would say it is worth 30x forward earnings....imho 30x is justified considering the continuously expanding upward momentum in sales and ebitda....that would give 30 x .28 = $8.40.
So if you agree with the ratio, then MEET is worth $8.40 currently. At that price it becomes fairly valued imho, not including the passage of time. As the quarters pass and if the business continues this way, that number will only increase.
What a great position to be in and you don't even have to be lucky....the stock is right there for the taking at this point. Still a ground floor opportunity."
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@20x=$5.60... hoping for more upside on Monday- but know we are due a pullback after the last couple days. Go MEET!
As noted by link below- MAU and DAU at record highs... http://www.businesswire.com/news/home/20151203005177/en/MeetMe-Achieves-Record-High-Mobile-DAU-MAU-November
Well, fortunately it is not a necessity to like the site. Obviously, a million people daily seem to like it and Cook and company seem to be going in the right direction. Stocktwits msg board more active and more technical than investorhub msg board. Long on MEET.