One Stock I Continue To Love!

Screen Shot 2019-02-09 at 7.14.19 PM

In 2016, Match.com (NASDAQ: MTCH) was spun off by IAC Interactive Corp. at a price of $15 a share.

You may not realize this, but Match is the owner of over 40 dating apps and services, including Tinder, Match.com, and OKCupid.

If you had the good sense to purchase shares of Match at the time of its IPO (initial public offering), you would be up a whopping 373%, or almost 4 times your money.  Those returns are phenomenal by any measure.

However…that’s the past.  Investing is about the future.

Match reported earnings on February 6th, and their revenues and operating income were both up – 21% and 18% respectively – year over year.

The main growth driver for Match is the Tinder app.  The number of average subscribers increased by 40% year over year to 4.3 million.  That is tremendous growth, but 4.3 million subscribers seems like a fraction of the number of subscribers they could have in five to ten years!

As long as people continue to look for love and companionship the potential for Match is huge!

What about competition?  Well, there were some rumblings last year about Facebook (NASDAQ: FB) getting into the online dating game.  Initially the stock price of Match dropped 20% on the news.  It dropped another 20% over the next two months, when the market sold off.

As of this writing, though, the stock has recovered almost all of its loss, and is currently around $56 a share.

Match is the dominant player in online dating, and I believe they will continue to grow and increase their lead for as long as humans need love.  If you’re looking for a stock to start investing in, Match is a very strong candidate.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

Advertisements

My IPO Watch List!

Last year was a very good year for initial public offerings (IPOs.)

If you can identify an IPO with growth potential and hold it for years, you can see incredible results.

Here are six IPOs from 2018 you may want to watch:

bloom energy

1. Bloom Energy (NYSE: BE): Alternative energy company using its proprietary fuel cell technology to produce electricity.

 

 

 

eventbrite

2. Eventbrite (NYSE: EB): A platform that allows its users to plan and schedule small events like birthday parties and other gatherings.

 

 

 

docusign

3. Docusign (NASDAQ: DOCU): Docusign offers an e-signature and other cloud-based translation products to small and midsized companies.

 

 

 

 

zuora

4. Zuora (NYSE: ZOU): Sells software that allows any company to become a subscription-based company.

 

surveymonkey

5. SurveyMonkey (NASDAQ: SVMK): Allows companies to conduct electronic surveys.

 

 

 

 

 

elastic

6. Elastic (NYSE: ESTC): Provides search and data software to companies.

 

 

These IPOs from 2018 are six you should watch to see how the companies perform and how they develop their business.

Getting shares in the right company soon after they go public can be tremendous over time!

Disclaimer/Disclosure Statement: Information in this article is not intended to be a recommendation to invest in any stock.  Rather, it is presented for readers’ education and consideration when making their own investment decisions.  The author has no position in any of the stocks mentioned.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)