Bought LinkedIn LNKD $157
+ Q1 revenue $473.2m +46%, analyst average estimated $466
+ Q1 earnings $0.38, analysts average estimate $0.34
+ Stock has been beaten down from $250 to $157 in 6 months setting up buying opp
+ Unemployment big drop to 6.3% - 288,000 jobs created, ahead of consensus estimate 210,000 which should lead companies to spend more on talent. LinkedIn derives $275m from talent solutions for recruiters compared to $98m for premium membership.
Sold Panera PNRA $157 all shares
- See reasons for selling from previous post.
Freeing up cash for Lending Club IPO