$WISH and Amazon Buyout Offer in 2015
Remember Amazon in 2015 had offered $10 billion in cash for Wish — and Wish walked.
Today in 2021, WISH is more fundamentally stronger and popular. Wish e-commerce app is most downloaded app in the world for last three consecutive years.
Revenues are up 75% and total revenue expected in 2021 is $3.2 billion
Current market value of stock is just around $6 billion and company has $2 billion in cash i.e. Enterprise Value today is only approx. $4 billion.
Compared to 2015, Wish is much more fundamentally stronger and growing faster but valued at way less that Amazon offered in 2015?
Short sellers in this stock are just greedy!!! driving down the stock price to ridiculous level.
Hold on to your stock as they are valued multiple times than reflected in the current stock price.
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June 10, 2021 at 12:29PM