GO
Loading...

Kass gets bullish on Twitter, says price will double

Vote
Vote to see results
Total Votes:

Not a Scientific Survey. Results may not total 100% due to rounding.

Hedge-fund manager Doug Kass said he is now "manifestly bullish" on Twitter, The Wall Street Journal reported Monday.

"It is my view that Twitter's shares will likely double in the first month of trading—or maybe sooner," Kass, president of Seabreeze Partners Management, said in a statement.

Although Kass temporarily quit using the microblogging platform in June he believes it is "uniquely positioned for the mobile delivery of content and advertising." He also said the lack of competition in the space suggests a that it will likely receive "quick acceptance as an 'anointed stock.'"

Click here to read the full report from The Wall Street Journal.

Technology

Latest Special Reports

  • Financial advisors stress that now is the time for investors to get serious about year-end financial planning checkup.

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • File photo: Participants at a hacking conference in Germany

    A series of high profile cyber attacks has created huge economic opportunity as businesses look to fend off future attacks.