Momo Inc. (MOMO)

Man there’s a lot of spam on this board. I guess Yahoo doesn’t do any moderation at all... anyway, this stock is such an anomaly. China is very much back to normal and GDP growth is expected to be positive this quarter. It’s annoying that Momo apparently has zero investor relations and doesn’t put out press releases.

With earnings projected for November 24, id expect a beat just based on the fact analyst expectations are super low and the Chinese economy is doing relatively well.

Likely the next earnings release will dictate whether a lot of people continue to hold this stock or capitulate and take their losses. I’m tentatively hopeful that it will beat by 20% or so and bump the stock price back up to the $20’s.

I think they need to buy before 2021Q1 earnings, while the stock is still cheap

"On September 3, 2020, Momo's board of directors authorized a share repurchase program under which the Company may repurchase up to US$300 million of its shares over the next 12 months.

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The timing and conditions of the share repurchases will be subject to various factors, including the requirements under Rule 10b-18 and Rule 10b5-1 promulgated pursuant to the Securities Exchange Act of 1934, as amended. The Company plans to fund repurchases from its existing cash balance."