TrueCar and Bankrate Tell Us how Wall Street Values Lead Generation Businesses
Citron Research has been skeptical of Zillow (NASDAQ:Z) for some time now. We first reported on the company in 2012, with frequent updates. Three years later, with no real profits to show and endless amounts of insider selling, plus round after round of lowered guidance, Citron believes that this sucker is finally ready to break, as the company has run out of tricks and finally has to show profits.
The only question is how low will it go?
Targets: 12 month price -$60 / 18 month – $40
It seems like yesterday that Wall Street was frothing at the mouth over 3D printing stocks. These high flyers were not valued based on their financials but rather as a beneficiary of being anointed as “the new new”. Citron Research was critical of the space and published pieces on 3 of these bubble-levitated 3D printing stocks. It is 18 months later and most of them languish 80% off their highs.
So Wall Street has gone searching for another “new new” in the technology sector and has found one in Ambarella (NASDAQ:AMBA), whose parabolic frenzy has now launched it into a realm that can’t possibly be supported by reality. Citron points out how how far this niche chip designer's stock has separated from reality.