Toxic Stocks to Dump Now: Twitter (TWTR)
It’s spring-time and the birds are chirping but that doesn’t mean you should go nuts with the latest craze in tweeting. The social networking company, Twitter (TWTR) is a disaster waiting to happen and an expensive one at that. Even though the stock has cratered since peaking earlier this year, shares are still well above their initial offering price.
As for profits you get to buy 4-digit growth by paying 4600 times current year estimated earnings. Those numbers are a bit nonsensical given the penny per share estimate and growth from there, but still expensive it is. Nothing is guaranteed for Twitter thus paying such a premium seems foolhardy no matter risk on or risk off. I would dump this stock post haste.