Post by
retiredcf on Oct 06, 2021 11:03am
Hard to Believe
I realize that like many of the tech stocks (eg. SHOP) have taken it on the chin lately, but still amazed that investors parted with their shares at 15% below the recent financing level. GLTA
Comment by
Woofer69 on Oct 06, 2021 2:07pm
Most of the big selling recently has been insiders, which looks worse than it is IMO. Not uncommon to see people pull at least some cash out after a recent IPO, esp considering their ROI. But as for reg investors exiting, agree it's crazy. Canaccord & TD both have PT's at 2X current.
Comment by
ailyn63 on Oct 08, 2021 4:10pm
that and they are prolly locking profits, so yes.
Comment by
happygolucky1 on Oct 13, 2021 11:59am
For sure. Lots of $1 stock and options in the hands of insiders, $10 is not a bad return.
Comment by
retiredcf on Oct 19, 2021 9:50am
Given that SHOP is now bouncing back strongly, you'd have to think that sooner or later, this will positively impact WE. GLTA
Comment by
happygolucky1 on Oct 19, 2021 1:08pm
The price of WE has never correlated to the price of SHOP. SHOP is up about 30% YTD while WE is down about 60%. As long as insiders are selling, the only information you ever get are the regulatory filings and the founders shiow no interest in any promotion, the price isn't going anywhere. Q3 is in the bag and we will see the results by the end of November.
Comment by
retiredcf on Oct 20, 2021 9:14am
My point wasn't to compare SPs, it was that if SHOP's businesses are doing well, then hopefully by default, WE should be also be doing well. As you point out, the upcoming Q3 will tell the tale. GLTA
Comment by
happygolucky1 on Oct 20, 2021 2:09pm
Fair enough. Thing to remember though is that SHOP makes money on every transaction whereas WE gets paid once for a theme and a flat monthly fee for an app. What would be helpful in having WE report are standard SAAS metrics like cost of acquisition, lifetime value, churn, etc. Tiny owns 30+ SAAS companies so you think they would have this down to an art.