September 8, 2016

Twitter takeover rumor pushes stock price up

Twitter rallied ....on vague takeover rumors.... I have no idea whether these rumors are true, but I put TWTR on my "Best Long Ideas" list a few months ago at about $14.60.

I did this partly on the possibility of a takeover deal, while we've subsequently gotten news that Twitter is finally moving more aggressively into live streaming and sports. The company's large subscriber base should provide a valuable launching pad for growth once this strategy kicks in.

Position: Long TWTR