The macroeconomic climate has deteriorated to a point where everyone is “battening down the hatches,” so to speak. And that’s the first big reason we like Snap stock at current levels. We’re in the midst of an ad recession right now, but it won’t last forever. It’s also why they’ll probably sell Snap stock at much higher prices in a year to people that think it’s “going to the moon.” That’s why intelligent investors are probably buying Snap stock today. The intelligent investor sells high to optimists and buys low from pessimists. That is, we believe Snap stock could rally 200% over the next year. Indeed, in the chaos of the 90%-plus Snap stock collapse, we see an opportunity. The company is a disaster right now.īut a 90% drop?! For a profitable firm with positive cash flows that’s still growing its user base by nearly 20% year-over-year? Let me repeat that: One of the world’s largest social media platforms has seen its stock price collapse 90% in a year. It is now down more than 90% in just over a year. Snap stock crashed more than 25% in response to the dismal report. It seems the widespread digital ad recession is hitting Snap particularly hard. The company reported dismal third-quarter numbers last night and guided for even worse numbers next quarter. Everything seems to be falling apart at social media firm Snap ( SNAP ) right now.

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