Snap - Crackle Or Pop? - A Rangeley Capital Discussion

| About: Snap Inc. (SNAP)
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Summary

Snap IPO greeted with overwhelming demand.

This is despite no votes for minority holders.

What is the future for brokerages?

Rangeley Capital's portfolio managers Andrew Walker and Chris DeMuth Jr. host a fifteen-minute podcast, which you can subscribe to on iTunes, Stitcher, or audioBoom. If you missed the previous episode, please listen to After Buffett.

In the current episode, we start with the Snap (NYSE:SNAP) IPO before turning to big changes for the brokerages. Please email us at podcast@rangeleycapital.com with any feedback.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).