Pinterest (PINS) Turnaround - Thank You, Activist Shareholders
Pinterest Q1 FY12/24 Earnings Analysis
Summary
Pinterest financials continue to improve - revenue growth is accelerating, EBITDA and cashflow margins moving up at the same time.
The balance sheet is very strong, with almost $3bn of net cash.
The stock is up nearly 100% from the low end of our Accumulation Zone - we continue to rate at Hold.
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Why Activist Shareholders Are Good News For Other Shareholders
Since the grownups got ahold of Pinterest, the company has thrown multiple members of the previous management team under the bus, cut heads and other costs, and started to monetize more of its platform. This is coming together very well and the stock price today (up 15-20% following earnings printed after the close yesterday) reflects that.
For now this company looks like one of the very strongest survivors of the pandemic go-to names - contrast Peloton for instance!.
Headline Numbers
Numbers, valuation and chart follows below.
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