Buy LinkedIn On Weakness, Concerns Overblown: MKM

Barron’s, By Teresa Rivas | September 4th, 2015 (Read article)
LinkedIn (LNKD) have struggled since reporting its disappointing second quarter in July, down some 21%, nearly three times as much as the Nasdaq’s 7.7% drop.

Yet MKM Partners’ Rob Sanderson sees the decline as a buying opportunity. He writes that while investors are concerned about the second half of the year, he is still confident that its core business is robust, its weakness is largely confined to legacy areas, and it has new emerging opportunities that can drive the shares. (Earlier this week, Citigroup applauded LinkedIn’s new messaging service.)