YY stock: a great buy or a risky value proposition?
YY is a social media and internet streaming company based in the People's Republic of China. The company has an appealing quality and growth outlook, given that access to internet services in China has improved in the recent years and it is still on the upside.
The company produced solid Q2 numbers; however, it issued low Q3 guidance, and as a result, the shares tanked. Management justified this with a one-time event, the World Cup, which timing-wise coincided with the peak live-streaming hours on YY.com.
In the last 4 years, YY has increased total revenue three times, from $593 million in fiscal 2014 to $1.78 billion in fiscal 2017. The company's EPS increased by 29% year-on-year.
finstead.com/bite/YY-stock-forecast-prediction-august-17-2018
The company produced solid Q2 numbers; however, it issued low Q3 guidance, and as a result, the shares tanked. Management justified this with a one-time event, the World Cup, which timing-wise coincided with the peak live-streaming hours on YY.com.
In the last 4 years, YY has increased total revenue three times, from $593 million in fiscal 2014 to $1.78 billion in fiscal 2017. The company's EPS increased by 29% year-on-year.
finstead.com/bite/YY-stock-forecast-prediction-august-17-2018
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.