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Started By
Message
re: How's the Facebook stock doing?
Posted on 6/2/12 at 12:17 am to Chad504boy
Posted on 6/2/12 at 12:17 am to Chad504boy
How is it you ask?... Well I shorted it and that play is coming out really well so far.
FB was the most over-hyped stock of the decade and I called it. Their only chance of truly massive organic growth says they can't operate w/in their territorial boundaries. They are going to have to spend a lot more fcf if they want to do something in the mobile phone realm. They don't pay a dividend..... and they are trading at freaking 97x earnings.
Bottom line:
It doesn't even look attractive at 15 a share.
FB was the most over-hyped stock of the decade and I called it. Their only chance of truly massive organic growth says they can't operate w/in their territorial boundaries. They are going to have to spend a lot more fcf if they want to do something in the mobile phone realm. They don't pay a dividend..... and they are trading at freaking 97x earnings.
Bottom line:
It doesn't even look attractive at 15 a share.
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