Fiverr Is My Newest Pick

[kork13]

Is anybody buying at the current price? If you got in a bit later, as I did, it would be a good time to lower your average cost basis if you believe it's a good stock to hold long term. I'm considering it.

I had an old limit order in for $60, which executed yesterday. As with LAL, I've bought shares at various levels on it's way down.

James/Steve,
We say it alot, but always good to remember: I've not lost a cent on my FVRR or any other stocks that have been pummeled lately -- I haven't sold a thing.

[disneysteve]

James/Steve,
We say it alot, but always good to remember: I've not lost a cent on my FVRR or any other stocks that have been pummeled lately -- I haven't sold a thing.

Very true, and a great reminder. Paper losses only at this point for me at least. Our portfolio overall is down nearly 200K YTD. Only a tiny piece of that decline is attributable to our FVRR holdings.

[riverwed070707]

Very true, and a great reminder. Paper losses only at this point for me at least. Our portfolio overall is down nearly 200K YTD. Only a tiny piece of that decline is attributable to our FVRR holdings.

What percentage of your portfolio does that represent? My returns in dollars was a little nauseating to look at but as a percentage its much less intimidating. Down about 16% YTD

[Singuy]

Lets call this thread the "loosing money with friends" thread. And...the three month price chart is pretty brutal.

Over 300 mil of revenue growing at 30% yoy with gross profit at 80+%. At 2.5 billion dollar valuation this stock is a good opportunity. I haven't sold one penny of this stock even though I saw my portfolio went from 150k to 750k and now back down.

It's all about the long term outlook and I still see great upside.

My first post about this warned investors there will be brutal time periods and it doesn't matter. What matters is the company and its doing very well.

Notice pretty much every earning this company skyrockets because it always beat expectations. Macro will do macro things.

[LivingAlmostLarge]

I agree that i think it's a long term outlook for this company. I told haven't sold and have kept buying on the way down. I just think it's a new way of working and even without singuy thought that contract work is the future. I am glad he pointed me out but I really think it's going to go back up.

[jeffmem]

I have been buying 1s and 2s on the way down, Lowest I think around $58 a share, but I gotta admit I am a little nervous about the future. I know they will be good, but looking at that loss right now as I had bought on the way up also scares me..

[corn18]

Down 82% from the all time high. Ya'll still holding out?

[jeffmem]

At this point there is no sense of selling, I have lost all of my profit and now quite deeply in the hole. It is very hard to see the number. But the entire market is down, so... I am 25% in the hole overall for my portfolio also, with very few stocks still in the green. It is sad to see this, but I have almost no case to buy in more now, so it is a waiting game and I suspect this could last for some years. War, virus, China, food crisis, water shortages, it's not looking good, but... like I said, for long term, not much can do at this point...

[james.hendrickson]

Its trading at 47 dollars - here is the price chart (via Yahoo). That's way, way off the high.

The red flag is the negative earnings number.

Also the price of 47 its still trading at 7 times its book value. That means, in my mind, you're paying seven times the value of the companies tangible assets...and that's for a company that's losing money.

[jeffmem]

Yeah, that is very concerning.... But it is also partially down with the market. But I think a lot of things will still be online after the virus, so... they are spending too much money, this is true.

[Singuy]

Yawn, bought some at 74, some at 60ish..going to buy some more later.

Nasdaq and Russel is in a bear market..so naturally everything falls with it. Eventually everything recovers and then some. The worst question to ask during a bear market is "when do you think is your exit? when this is precisely the question that prevents people from getting wealthy. You guys should know that bear markets are VERY rare. It happens like once in a decade...and you know what everyone wish for 10 years into a bull market?...oh gee gosh I should have bought Netflix at 3 dollars or amazon at 3 dollars. Well now it's your chance but some of you guys are talking about exiting? LoL.

Anyways, over 25% negative into the QQQ and I still have 4.8 million dollars in my taxable account...you buy good companies and hold. When QQQ was at it's ATH, my account was at 7.5 million. Are we going back to ATH ever again?...Uh yes..it happens 100% of the time since stock market inception.

[james.hendrickson]

Yawn, bought some at 74, some at 60ish..going to buy some more later.

Nasdaq and Russel is in a bear market..so naturally everything falls with it. Eventually everything recovers and then some. The worst question to ask during a bear market is "when do you think is your exit? when this is precisely the question that prevents people from getting wealthy. You guys should know that bear markets are VERY rare. It happens like once in a decade...and you know what everyone wish for 10 years into a bull market?...oh gee gosh I should have bought Netflix at 3 dollars or amazon at 3 dollars. Well now it's your chance but some of you guys are talking about exiting? LoL.

Anyways, over 25% negative into the QQQ and I still have 4.8 million dollars in my taxable account...you buy good companies and hold. When QQQ was at it's ATH, my account was at 7.5 million. Are we going back to ATH ever again?...Uh yes..it happens 100% of the time since stock market inception.

Singuy, you're not concerned about the lack of profitability?

[Singuy]

Yeah, that is very concerning.... But it is also partially down with the market. But I think a lot of things will still be online after the virus, so... they are spending too much money, this is true.

They are spending too much money on advertisement which is exactly what they should spend money on. Every software company since inception spends their gross profits on advertisement to gain more marketshare and more clients. The key metric is to see how sticky their clients are, and if their advertisement dollars yield positive returns from customer acquisition.

[Singuy]

Singuy, you're not concerned about the lack of profitability?

Absolutely not, they are profitable if they stop spending money on growth....but it's a growth stock so why in the world would I wish for them to be profitable right now? Grow top line as fast as possible...with 83% gross margins, I am 100% sure the bottom line will be green eventually once growth companies are nearing the top of the S curve in client acquisition (see netflix and facebook earnings if you want to know what the top of the S curve looks like). We are no where near that...the entire world still haven't heard of Fiverr.

[Singuy]

Also to add that the market sell off isn't due to some recognition of a tech bubble.

The Nasdaq PE was at 24 prior to the Covid crash, Nasdaq's current PE is sitting at 21 EVEN though we are 3000 points higher. Earnings have expanded for most of these tech companies over the last 2 years...not that we printed money so therefore asset ballooned up and now it's deflating. I argue that Nasdaq is 3 PE cheaper than prior to all this money printing.

For reference, Nasdaq's PE was 175-200 during the .com bubble. Tech stock is cheap right now, and it may get a little bit cheaper prior to the explosion upwards. I am fully expecting a lot of recovery as big tech like Amazon, Google, and Tesla are nearing their stock split dates 2H of this year.

To drive home how insanely cheap tech stocks are..we are at a tech stock/value stock PE inversion.

Google PE is 20, Walmart PE is 30! Why in the world would Walmart, a company that haven't grew earnings for like a decade be at a 10 PE higher than google which guided for additional growth going forward? So if this isn't the time to look for deals on growth stocks, I don't know what is.