7 Words from Snap's Management That Left Me Absolutely Floored
I read lots of corporate earnings conference call transcripts. In my line of work, it comes with the territory. Most earnings calls are -- by design -- bland affairs. There's a lot of jargon; executives often dodge simple questions that might have unpleasant answers.
Occasionally, company managers fall back on talking points that have clearly been worked out beforehand. But sometimes, what's said is a genuine surprise.
This leads me to the latest conference call from Snap (NYSE: SNAP). What I heard on the company's July 22 call made me seriously question my long-term bullish stance on the company.
Source Fool.com
