Synchronoss (SNCR)

To be clear, that MF service un-recommended SNCR in Jan 2017 (a month behind Saul) and only undid that with a recommendation last November. True, an un-recommendation is not a sell, which in hindsight was the better call, but it isn’t accurate to say the service still carried [it] as a “Buy” recommendation".

Hi smorgasbord, Carrying it as a “Hold” instead of a buy, means telling your subscribers to not add but keep holding… to keep holding all the way down from $38 to $10, instead of selling and redeploying the funds. When anyone from the MF staff could have looked at what just happened, seen what I saw, and said “We are selling out of this.” I didn’t have to do any genius analysis. It was clear as day (growing company takes on debt of half its market cap to buy a large money-losing, slow-growing company, in an only marginally related field, and appoints the CEO of the slow-growing, money-losing company to be its CEO.)
Saul

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