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BottomBounce

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Re: tw0122 post# 710

Wednesday, 10/02/2013 8:39:18 PM

Wednesday, October 02, 2013 8:39:18 PM

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Bloomberg News $RENN Renren Surges on Buyout Bets as Airlines Drop: China Overnight Renren’s stock traded at 1.3 times its book value, compared with a multiple (RENN:US) of 5 for Sina Corp., which owns the Twitter-like Weibo service, and 9.9 for Facebook Inc., a social-networking service provider in the U.S. Renren reported $155 million of cash by the end of second quarter.

“Some value investors could buy Renren as an undervalued stock and the company is very close to cash,” Echo He, a New York-based senior analyst at Maxim Group LLC said by phone yesterday. http://www.businessweek.com/news/2013-10-02/renren-surges-on-buyout-bets-as-airlines-drop-china-overnight

I'm not a financial advisor. All of my posts are for entertainment purposes only and based on my opinion. Advice: Do your own DD and always only invest money you can afford to lose. GLTA

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