May. 3 at 11:15 AM
$PINS The Company has excellent liquidity (Current: 7.6, Quick: 7.4), generates positive, improving FCF at reasonable (also improving) margins (EBITDA: 8%, NM: 10%) while growing top line revenue at 5YR CAGR 15%, YoY 15%. They have no interest bearing debt of which to speak and carry
$2.5B Cash/ST against
$0.75B Total Liabilities. Earnings have not been good recently for PINS - next ER set for 5/04 - but the valuation here is reasonable (IMO) with good upside 25-50%. Another ER fallout is possible (Watch
$17.5), but top/bottom line beats with reasonable guidance should propel the stock price as-noted. Trading at forward NTM P/E~11.
