Saturday, May 26, 2012

Facebook

Cagle Toons say it best.  Investors began dumping the stock as soon as it was offered.

Now that the stock as found a bottom, true fundamentals will determine the share price.

Yahoo Finance puts P/E ratios at: 81 for Facebook; 18 for Google; and 674 for Linked In.

I personally blame Facebook for much of poor performance by students.  I would like to see the share price hit 10, as long as I don't own it.

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