ContextLogic (NASDAQ:WISH)

2021-12-21

ContextLogic (NASDAQ:WISH), the parent company of the e-commerce company Wish, recently posted its third-quarter earnings report.

Wish's revenue declined 39% year-over-year to $368 million, which missed estimates by $6 million. However, its net loss narrowed from $99 million to $64 million, or $0.10 per share, which beat expectations by a nickel.

Wish didn't provide any exact guidance, but warned that its revenue would decline sequentially in the fourth quarter even after factoring in holiday sales. It also announced that its founder and CEO Piotr Szulczewski would step down next February but remain on the company's board. Wish have a new Countdown application that is taking the e-commerce company to greater heights.

Target Buy and Hold: $9.30 in 12 months

That was a lot of a bad news to process, but could Wish's battered stock -- which trades at just one times its trailing sales and roughly 80% below its IPO price -- actually be a contrarian play?

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

yeppy
2021-12-21
yeppy
I don't recommend buying shares of ContextLogic. After all, as its flagship subsidiary, Wish's revenue growth rate is declining.
jeffry09
2021-12-21
jeffry09
If the cash burn rate keeps up, the company will eat through all of its cash although wish is one of the world's largest e-commerce sites.
YvetteGunther
2021-12-21
YvetteGunther
the company is not only unprofitable but burning through cash like wildfire.
YorkTurner
2021-12-21
YorkTurner
ContextLogic will need more than a new ceo before wish stock turns around.
TASOGARE
2021-12-21
TASOGARE
So much lower than expected, the price will definitely fall in the short term

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It also announced that its founder and CEO Piotr Szulczewski would step down next February but remain on the company's board. Wish have a new Countdown application that is taking the e-commerce company to greater heights.Target Buy and Hold: $9.30 in 12 months<img src=\"https://static.tigerbbs.com/99c634612246d0c40abdd0c3fe6c6d77\" tg-width=\"750\" tg-height=\"1357\">That was a lot of a bad news to process, but could Wish's battered stock -- which trades at just one times its trailing sales and roughly 80% below its IPO price -- actually be a contrarian play?</body></html>","text":"ContextLogic (NASDAQ:WISH), the parent company of the e-commerce company Wish, recently posted its third-quarter earnings report. Wish's revenue declined 39% year-over-year to $368 million, which missed estimates by $6 million. However, its net loss narrowed from $99 million to $64 million, or $0.10 per share, which beat expectations by a nickel. 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Target Buy and Hold: $9.30 in 12 months That was a lot of a bad news to process, but could Wish's battered stock -- which trades at just one times its trailing sales and roughly 80% below its IPO price -- actually be a contrarian play?","highlighted":1,"essential":1,"paper":2,"likeSize":5,"commentSize":5,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/693454288","repostId":0,"isVote":1,"tweetType":1,"viewCount":907,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["WISH"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":806,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":7064816,"gmtCreate":1640073061312,"gmtModify":1640073061312,"authorId":3479274800160907,"author":{"id":3479274800160907,"authorId":3479274800160907,"name":"yeppy","avatar":"https://static.laohu8.com/picture153","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":693454288,"type":1,"supId":0,"prevId":0,"content":"I don't recommend buying shares of ContextLogic. After all, as its flagship subsidiary, Wish's revenue growth rate is declining.","text":"I don't recommend buying shares of ContextLogic. After all, as its flagship subsidiary, Wish's revenue growth rate is declining.","html":"I don't recommend buying shares of ContextLogic. 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