With 41% Of Shares Sold Short, 4 Reasons Zoom Video’s Dip Is A Buying Opportunity [Forbes]
LOGMEIN (LOGM)
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Source: Forbes
To justify a high valuation, a company has to keep growing faster than investors expect. This comes to mind in considering San Jose, Calif.-based Video Communications — of which a whopping 41% of its shares were sold short as of November 15 Many short sellers could be benefiting. stock has fallen 13% since going public in April. After reporting earnings on December 5, the stock — which soared 45% to peak at $105 on July 31 — lost nearly 10% of its value between its earnings report and the market close on December 6. That looks to me like a buying opportunity. (I have no financial interest in the securities mentioned in this post). Here are four reasons: Analysts Like ’s Growth Strategy — But Valuation Is High These days valuation is not the thing that moves a company’s stock price. Investors just don’t seem to care about valuation as much as whether a company beats quarterly expectations and raises guidance every quarter. I’ll concede that if a company is richly valued and it
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