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Pinterest: Valuation Won't Matter Until SBC Is Addressed (PINS)

Pinterest, Inc. ( PINS ) reported solid results in the third quarter, although the revenue beat was soft and guidance was disappointing. While there are no specific problems with the company, decelerating growth and weak margin gains are pressuring the stock, despite a reasonably attractiveRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjuste ...