Skillz Should Reward the Patience of Investors

InvestorPlace2021-05-10

SKLZ stock keeps falling but it’s nothing a couple of quarters can’t fix. Skillz(NYSE:SKLZ) can’t seem to do anything to please investors. The company reported substantially higher year-over-year (...

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Comments

robinlee64
2021-05-11
robinlee64
You do not see similar platform in the gaming industry don't you? Skillz is the unicorn among all mobile gaming peers offering a platform for users to contest and win prize money...
- DamT:
  You are right
- robinlee64:
  but u never buy [开心]
- DamT:
  Yep
nujnay
2021-05-10
nujnay
comment and like thanks!
- nujnay:
  ????☺️
- 豪仔9:
  Done
DesmondChin
2021-05-10
DesmondChin
Do not have any holdings but the wordings pretty biased towards certain direction....lol
- MZ39:
  yes and i think it seems too good to be true
blaCkbOx
2021-05-10
blaCkbOx
Comment and like
- Carolir:
  .
blaCkbOx
2021-05-10
blaCkbOx
Comment and like
Fei2
2021-05-10
Fei2
Great!

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The company reported substantially higher year-over-year (...</p>\n\n<a href=\"https://investorplace.com/2021/05/sklz-stock-should-reward-investor-patience/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKLZ","symbol_name":"Skillz Inc","start_time":0,"source_url":"https://investorplace.com/2021/05/sklz-stock-should-reward-investor-patience/","article_id":"1148561966","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148561966","pubTimestamp":1620651880,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"SKLZ stock keeps falling but it’s nothing a couple of quarters can’t fix.\n\nSkillz(NYSE:SKLZ) can’t s","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SKLZ":"Skillz Inc"},"translate_title":"Skillz应该奖励投资者的耐心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKLZ":0.9},"content_text":"SKLZ stock keeps falling but it’s nothing a couple of quarters can’t fix.\n\nSkillz(NYSE:SKLZ) can’t seem to do anything to please investors. The company reported substantially higher year-over-year (YOY) revenue in its most recent earnings report. However, SKLZ stock continues its long, slow descent. The stock is down approximately 65% since Feb. 5, 2021.\nThis is the first time I’m writing about Skillz and I like what I see. The sentiment among myInvestorPlacecolleagues is generally bullish. Nevertheless facts are stubborn things and SKLZ stock is fighting bearish sentiment.\nA Better Model\nOne reason that I like Skillz is that they are creating a better mousetrap. Skillz is a leader in mobile gaming and esports.  As Luke Lango wrote, this has been a category that has a dreadful revenue model fueled by advertising that take away from the user experience. Right now, it’s a lose-lose model for gamers and developers.\nButSkillz has a modelwhere users pay to enter competitive tournaments for cash prizes. And Skillz gets a cut of the action. It’s a model that incentivizes users to play. It also rewards developers to make compelling games that will draw user interest. It’s a win-win model.\nAnd this model is being showcased in a partnership that Skillz has engaged in with the National Football League (NFL). Developers are being invited to present their gaming ideas. At some point, the NFL will choose a winner and that game will premier prior to the2022 season. It’s a year away and a lot can go wrong. However, the NFL doesn’t generally take the wrong side of a marketing bet.\nBetting On Competition\nWhile I play my share of mobile games, I wouldn’t devote hours to compete with others. Or would I? I have to admit, if it would only cost me a nominal amount (some users can payas little as 60 centsto play), I might be willing to test my skills against other players.\nThat’s because it speaks to my love for, and appreciation of, competition. And this is important to understand. I use these examples for a reason. With something like mobile gaming, I have to ask myself if I could see myself using the product. If Skillz can get me, and not just my kids, interested in their service, they could be on to something.\nA Case of Lousy Timing?\nIn a year when companies have been rewarded for doing far less, Skillz seems to be getting unjustly punished. The company has been the target of several short seller reports and continues to draw short interest.\nI have no specific reason why, but I suspect that some of it may have to do with SPAC fatigue. Skillz was one of dozens of companies to go public in the last 12 months via a special purpose acquisition company (SPAC). In the case of Skillz, the SPAC wasFlying Eagle Acquisition Corporation.\nMany of these companies not only lack profits, but are zero revenue companies. That’s not the case with Skillz. In fact in its most recent quarter, the company posted revenue that was 92% higher on a year-over-year (YOY) basis. The company also reported a 17% conversion to its paying monthly active users (MAUs) ratio.\nThat being said, the company did report a bigger earnings per share loss than expected. Which is always something that will give bears a reason to roar.\nMy Final Thoughts on SKLZ Stock\nPatience is a virtue that’s in short supply in our society. But it’s frequently required to be a successful investor. Skillz potentially has a first mover advantage in a sector that is expected to grow to$1.5 billion in revenue by 2023.\nThe company will have to prove itself to investors. But that’s something that should only be a matter of time. If the company can string together a couple of solid earnings reports, it should be able to silence the bears.\nIn the meantime, the bulls have some heavy lifting to do. But with the stock unlikely to fall far below its initial price of $10, we’re approaching a point where the reward far outweighs the risk.\nOn the date of publication Chris Markoch did not have (either directly or indirectly) any positions in the securities mentioned in this article.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":199185504,"gmtCreate":1620691460808,"gmtModify":1704346697428,"author":{"id":"3561722394993968","authorId":"3561722394993968","authorIdStr":"3561722394993968","name":"robinlee64","avatar":"https://static.tigerbbs.com/bb5fd59b6497c3718e7c8e25c8a5d49d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3561722394993968"},"htmlText":"You do not see similar platform in the gaming industry&nbsp; don't you? Skillz is the unicorn among all mobile gaming peers offering a platform for users to contest and win prize money...","listText":"You do not see similar platform in the gaming industry&nbsp; don't you? Skillz is the unicorn among all mobile gaming peers offering a platform for users to contest and win prize money...","text":"You do not see similar platform in the gaming industry don't you? Skillz is the unicorn among all mobile gaming peers offering a platform for users to contest and win prize money...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/199185504","repostId":1148561966,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4379182,"gmtCreate":1621427799935,"gmtModify":1680789710976,"authorId":3579779285462819,"author":{"id":3579779285462819,"authorId":3579779285462819,"name":"DamT","avatar":"https://static.tigerbbs.com/5c3f4598ebae7db32cd2a59566b0bc40","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199185504,"type":1,"supId":0,"prevId":0,"content":"You are right","text":"You are right","html":"You are right"},{"id":4352623,"gmtCreate":1621229871267,"gmtModify":1680789236152,"authorId":3561722394993968,"author":{"id":3561722394993968,"authorId":3561722394993968,"name":"robinlee64","avatar":"https://static.tigerbbs.com/bb5fd59b6497c3718e7c8e25c8a5d49d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199185504,"type":1,"supId":0,"prevId":0,"content":"but u never buy [开心]","text":"but u never buy [开心]","html":"but u never buy [开心]"},{"id":4352171,"gmtCreate":1621226289704,"gmtModify":1680789222551,"authorId":3579779285462819,"author":{"id":3579779285462819,"authorId":3579779285462819,"name":"DamT","avatar":"https://static.tigerbbs.com/5c3f4598ebae7db32cd2a59566b0bc40","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199185504,"type":1,"supId":0,"prevId":0,"content":"Yep","text":"Yep","html":"Yep"}],"langContent":"EN"},{"id":199013827,"gmtCreate":1620656331269,"gmtModify":1704346268847,"author":{"id":"3562385137512604","authorId":"3562385137512604","authorIdStr":"3562385137512604","name":"nujnay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562385137512604"},"htmlText":"comment and like thanks!","listText":"comment and like thanks!","text":"comment and like thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/199013827","repostId":1148561966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4293904,"gmtCreate":1620744907724,"gmtModify":1680788157910,"authorId":3562385137512604,"author":{"id":3562385137512604,"authorId":3562385137512604,"name":"nujnay","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199013827,"type":1,"supId":4282159,"prevId":0,"content":"????☺️","text":"????☺️","html":"????☺️"},{"id":4282159,"gmtCreate":1620657630077,"gmtModify":1680787943225,"authorId":3559879974026501,"author":{"id":3559879974026501,"authorId":3559879974026501,"name":"豪仔9","avatar":"https://static.tigerbbs.com/16a74a110a29b4de40f0f8151e81dd87","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199013827,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":190758195,"gmtCreate":1620654459017,"gmtModify":1704346188913,"author":{"id":"3578983795474363","authorId":"3578983795474363","authorIdStr":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"idStr":"3578983795474363"},"htmlText":"Do not have any holdings but the wordings pretty biased towards certain direction....lol","listText":"Do not have any holdings but the wordings pretty biased towards certain direction....lol","text":"Do not have any holdings but the wordings pretty biased towards certain direction....lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190758195","repostId":1148561966,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4283382,"gmtCreate":1620666634237,"gmtModify":1680787968096,"authorId":3572322201202012,"author":{"id":3572322201202012,"authorId":3572322201202012,"name":"MZ39","avatar":"https://static.tigerbbs.com/30eb7b5a7db02258a92e8e407af0f568","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":190758195,"type":1,"supId":0,"prevId":0,"content":"yes and i think it seems too good to be true","text":"yes and i think it seems too good to be true","html":"yes and i think it seems too good to be true"}],"langContent":"EN"},{"id":190722659,"gmtCreate":1620654182571,"gmtModify":1704346178361,"author":{"id":"3574676557290827","authorId":"3574676557290827","authorIdStr":"3574676557290827","name":"blaCkbOx","avatar":"https://static.tigerbbs.com/2e60934f569874a5dfc7a83e2074f311","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574676557290827"},"htmlText":"Comment and like&nbsp;","listText":"Comment and like&nbsp;","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190722659","repostId":1148561966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4281458,"gmtCreate":1620654980744,"gmtModify":1680787938115,"authorId":3576326025007657,"author":{"id":3576326025007657,"authorId":3576326025007657,"name":"Carolir","avatar":"https://static.tigerbbs.com/7336f44d3eff2834f40e92f17d72ed7e","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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like&nbsp;","listText":"Comment and like&nbsp;","text":"Comment and like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190726444","repostId":1148561966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":190713866,"gmtCreate":1620652347255,"gmtModify":1704346130574,"author":{"id":"3564205595315610","authorId":"3564205595315610","authorIdStr":"3564205595315610","name":"Fei2","avatar":"https://static.tigerbbs.com/31547e7cf82c22e0a1fb334986b7ae6f","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3564205595315610"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190713866","repostId":1148561966,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":7,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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