Why Navy Capital’s Stiefel Still Likes Snap

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Aug.11 — Sean Stiefel, Navy Capital LLC portfolio manager, explains why he is bullish on Snap Inc. He speaks with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.”

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    August 12, 2017 at 8:45 pm

    Here we have a portfolio manager humping "animated hot dog" as something worthwhile. Elon Musk is making EVs and putting satellites into orbit. Apple is making great smartphones. Animated hot dog may be cute but it cannot create sustaining value.

    The truth is that Navy Capital put its clients into this stock and are trying their best to look good. Another truth is that SNAP is a dog. A plain dog.

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