Is It Time To Take A Look At Dropbox (dbx)?

It is fair to say that Dropbox shares have not set the world alight since they were floated. However, a 20% increase in the share price this week has put the company back into focus. Is it time to take another look?



Feb-21-20

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I use Dropbox and to be honest I would not be without it. The only issue, would I pay for the enhanced service? If I had to I probably would. There will be millions of people in the same situation as me so on that basis I would be a buyer. Can they add any enhanced services to what they have now?

 

All shares are being smacked on the back of huge market falls of late. If the DropBox share price fall gets over done then it might be worth picking some up and tucking them away. Is it over done yet - probably more downside if the markets keep falling. Keep a close eye on this one!

 

I would be tempted to keep an eye on these shares and if, as I suspect, the market has a lot more downside to go, start to pick some up on oversold positions. Many business and individuals use DropBox but the key is switching them to a paid service in due course.

 

I agree - I think we will see a huge sell-off towards the end of the coronavirus crisis. That will be the time to buy!

 

A prime example of buying on the bad days - there is a godo business in here and there may be a chance in a lifetime to buy a chunk on the really bad days in the market. Even if you have to lock them away for a couple of years. Will markets give a premium going forwards to online based businesses which have a little more immunity from the impact of the virus?

 

Buy on the dips - this is a firm favourite with businesses and if they can introduce a workable revenue model it could do really well. If not then it would make a great add-on for a larger company.

 

I was a little surprised that Dropbox was not takenover by one of the giants before it went to market. It would have been a very useful addition for many tech/IT based companies out there. The company has a respected brand name which is not always easy to build, and more impoartantly, keep these days.