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After all, it was fairly obvious that Snap's underlying prospects were not going to shine particularly bright in this report.
Staying on the sidelines with a hold rating makes sense given Snap's precarious position.
There have also been many new entries toward the one Energy group of cards, which means some of the older 1-Cost cards are getting left in the dust (in regard to Marvel Snap's meta).
Thus, if the North American advertising industry continues to be fragile, Snap's potential will likely remain limited.
Source: https://seekingalpha.com/article/4595937-snap-q1-preview-avoid?source=feed_all_articles
Will Snap's Capital Allocation Decision be viewed Positively?
Source: https://seekingalpha.com/article/4595937-snap-q1-preview-avoid?source=feed_all_articles