The Bowser Report – Daily Mover Alert November 17, 2015

Today, The Bowser Report issued a daily mover alert on Meet Me, Inc. (MEET), which fell 10% or more today.

Despite being “ranked among the fastest growing companies in North America” yesterday, MEET fell almost $0.30 ($0.28 to be exact) for a daily loss of just over 10%.

After hovering around $3 per share last week, MEET shares have tumbled over the past few days. With no news to support the selling, it is most likely investors taking profits after the company’s month-plus run from around $1.60 to just above $3. Any time a company appreciates so rapidly, a pull-back is not unexpected, and that is certainly the case here.

We recommended MEET in the October 2015 newsletter, and the company is still in Category 1 despite a net loss in the most recent quarter. This is because the loss is due to a one-time $5.7 million bad debt expense as we explain on the front page and page 7 of the November 2015 newsletter. Look to enter a position on the pull-back if you aren’t already holding. Then, simply follow the Game Plan.

To learn more about The Bowser Report, visit https://thebowserreport.com

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