My name is Jordan Shaw and I have been an investor in the stock market for 20 years. I have a MBA and I am currently a Certified Public Accountant (CPA). Since the age of 16 I have taken a keen interest in the stock market and used my fathers stock account to purchase my own stocks. I am 36 now, and have started this blog to give you my advice on stocks. Most of my information and statistics come from other sources, but using my research I can make suggestions on stocks that have potential.


Tuesday, 29 May 2012

The Facebook of China

After Facebook`s failed IPO and having lawyers currently sorting out Facebook`s troubles other social network companies have been knocked down into bargain territory. One of those companies is RenRen (Nasdaq:RENN). This so called Facebook of China almost doubled in 2012 before Facebook`s flop, but with the Facebook sell-off this stock dropped to around $4. The price now appears to be more stabilized and will probably start climbing higher.The company is sitting on $1.04 billion in net cash which works out to be $2.65 per share. They could use this money to pay dividends or buy out smaller social media networks that may have an entirely different and lucrative social media avenue. Also this company is pursuing partnerships aggressively. It will partner with Intel for network assistance and Japans popular photo application , SnapDish. I think the future looks good for RenRen, and I have added them to my own portfolio. 
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