Why Investors Should Just Stay Away From Snap Stock
Most people agree Warren Buffett is a pretty good investor. He also has a way with metaphors. One of my favorites combines two things I love: stocks and baseball.
"The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch." If determining a company's value is too difficult, you don't have to buy or sell the stock. Just "take the pitch."
So, when BTIG analyst Rich Greenfield wrote he has a "complete lack of comfort" with his Snap (NYSE: SNAP) forecast, I was reminded of that Warren Buffett quote. And if the guy whose job it is to determine the value of Snap stock is uncomfortable with how he's valuing the company, it's probably a pitch you shouldn't swing at.
Source: Fool.com
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