 here we have snapchat snapchat stock snapped down 20% this is the after hours trading they reported earnings today year over year revenues down 4% and I think they're down or they reported 2 cent negative EPS but getting crushed remember it ran up and participated with the AI move we had recently but now it's giving it all back most of it let's look at the fundamentals I have an updated worksheet and let's look at snapchat it has a peg price of $1.89 so if we see it below $1.89 that's the buy price and then $6.48 for next year and what is it at around 10 so it still has room to fall because it only makes it has an earnings yield of 0.6% it only makes or is expected to make 7 cents this year and I guess they're expecting a positive fourth quarter next year makes 24 cents and so on but still if the growth pans out as expected they did beat earnings technically they're supposed to lose 4 cents they lost 2 cents then snapchat could be somewhere between $30 and $60 over the next five years wouldn't that be fantastic so if snapchat is going to be a 40 or $50 stock potentially in the future then of course we want it to go as low as possible because that's how you make money if snapchat is going to be a $50 stock obviously not today overnight but over time potentially five years let's just you know make some let's just pretend that's five years in the future and it's just going to go over time chug along it has to grow its earnings it has to make make a profit because that's how a business is supposed to work price to cash flow a little high still has a negative PE price to sales three if we can see it in the price to sales of two that would be fantastic price to sales of two statistically and historically is a fast fantastic entry so we'll see where they want to take it I would love to see it below $8 below somewhere between five and six would be ideal because if I can get it for five and six and it goes to 50 that's a 10 bagger still think good things will happen uh North America is only 25 percent of their activity so it is a global play we'll see but right now it's down 20 percent and I wouldn't be surprised that they take it down even lower than 20 percent if we look at the long-term chart you know maybe they take it down six seven bucks maybe the test lows one day they only make seven cents a share so if something bad in the economy if we slow down if interest rates go higher maybe this week you know bad bad news selling pressure why not that's how business doesn't generate a lot of cash flow that's all I got for now let me know if you agree or disagree cheers