•MeetMe's approach to innovation has focused on improving its chat features to meet new people and make new friends.
•MeetMe has gone from 800,000 users on a good day to over 1,000,000 in just three months.
•Mobile revenue is up 114% year-over-year and mobile average revenue per user is up 123% year-over-year, outpacing Facebook mobile average revenue per user by 41%.
•The company is improving in all metrics in the last two quarters while the stock is down 37% in the same time frame.
•MeetMe stock has a strong potential upside with limited downside risk given the divergence between user and revenue growth versus the trajectory of the share price.
Social media is a fast growing sector, led of course by the titans in the industry Facebook (NASDAQ:FB), Twitter (NYSE:TWTR) and Linked-in (NYSE:LNKD). These stocks have seen meteoric rises, falls, and increases time and again. There is certainly volatility in the space, but they are real companies, with real business models, relying on user traffic to primarily generate advertisement revenue. Some have started selling digital goods and currencies to be used on their sites or offer premium subscription services.
The social media sector was rocked when Fed Chair Janet Yellen opined that social media stocks were overvalued. I respectfully disagree, madam Chair. While Facebook is certainly a leader in this field, there are smaller companies that may...READ MORE
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