Chris Lau
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Chris Lau in Value Stocks,

Pump and Dump of the Week: MeetMe

Want a Facebook (FB) alternative? It is not Twitter (TWTR). It is not Google (GOOGL), which failed with Google+.

It is certainly not MeetMe (MEET).

MeetMe fell after issuing a full year revenue estimate that is short of consensus ($71.29M). The company expects FY revenue of as low as $66 million. EBITDA (adjusted) will be $28 - $30M.

With a tiny market cap of just $284.6M, this stock is a value trap. Metrics look cheap but the site lacks enough stickiness. By contrast, Facebook is too addictive and too encroaching everywhere. Its site dominates the web. Users are hooked on both mobile and desktop.