We came across a bullish thesis on Bumble Inc. (BMBL) on WallStreetBets subreddit page by Super-Sir-1143. In this article, we will summarize the bulls’ thesis on BMBL. BMBL Technologies, Inc. share was trading at $6.38 as of Sept 30th. BMBL’s trailing and forward P/E were 18.74 and 8.61 respectively according to Yahoo Finance.
Bumble’s stock has dropped significantly, over 40% after its Q2 earnings report and more than 90% from its peak. Investors are unhappy with how the company is managing its profits, even though Bumble is making a steady annual profit of $120-150 million....
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