Facebook Not Remotely Worth 38$
Published: 2012-05-23 09:45:00 EDT by
Now lets look at GOOG. They only have a P/E of about 18. So if we do the math of using FB earnings times GOOG P/E we have a relative price for FB of less than 8$. So far, the market agrees as FB price dropped to 31$ and is struggling to not drop any more.
My opinion? I'm putting it to practice. I've put an order in for under 8$. That is my opinion, you can take it, or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com
FB - Facebook, Inc.
GOOG - Google Inc
IPO - initial public offering
P/E - price-to-earnings ratio
Labels: stock strategies, trade terminology in use
Updated: 2012-09-01 00:29:11 EDT
Current Related Posts
2015-03-01 00:19:00 EST — I added to ETP, and the price dropped; am I missing something? (dividend, dividend yield, dividends)
2014-09-04 12:49:00 EDT — Portfolio Update: Added to a position
2013-10-25 00:18:00 EDT — Portfolio Update: Change of Situation Resulting in a Change of Plans