Twitter (TWTR) has traded volatile in the last few years, but the stock is now testing the highs around $20 following a resurgence in DAU growth during Q3. The market has incorrectly focused on the lack of MAU growth and revenues and is now shifting towards the right focus which is engagement that was up 14% and continues to show signs of further acceleration. Twitter remains a buy even up 15% so far today. Though the market cap is approaching $15 billion today, the enterprise value is only down around $12.5 billion and the social media stock is generating plenty of cash flow now having generated $176 million in free cash flow last quarter. Disclosure: Long TWTR