Thank you for watching episode one of "Mom! Please Buy This Stock!"
I'll talk about stocks my mom should buy now.
Today, we'll talk about $SNAP Snapchat.
We should not compare Snapchat to Facebook, because $SNAP is not a social media company. Therefore, we should compare them to CBS.
If we do that, CBS has a market cap of $21 billion, with annual revenue of $14 billion. CBS also only has 9 million daily active viewers.
Snapchat on the other hand, will not beat Instagram, but that's okay, because they're still worth money. $SNAP has 188 million daily active users and a market cap of $8 billion.
Once Snapchat stops trying to grow their front line revenue, and start to properly monetize on their 188 million users, Wall Street will appreciate $SNAP.
Mom, if you're listening, please buy more $SNAP at $6.00!
Love,
Matt