Don't Buy Survey Monkey On The Dip [Seeking Alpha]
SVMK INC COMMON (SVMK)
Last svmk inc common earnings: 2/13 04:02 pm
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Source: Seeking Alpha
Summary If a company takes almost 20 years and still isn’t profitable - it probably never will be. Granted, tech firms are given a Rapunzel-length leash to collect users, scale out the product, refine algorithms to industry standard, and build up the engineering team. I know this takes time – it doesn’t happen in one day. After whipping up a frenzy of momentum and venture capitalists claiming stakes, tech stocks usually go public. This is the common process of what it takes to construct a Silicon Valley tech firm, and there are no shortcuts to this long hard slog. And if after almost 20 years, amid a nine-year bull market, a tech firm in the most dominating sector in the world cannot figure how to be in the black, investors should stay away from this company in droves. SurveyMonkey ( SVMK ), who recently achieved a blockbuster IPO, were the rock stars of the tech world for one day and one day only. The stock peaking after the first trading day is a ghastly si
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