So.....Why did that one fella leave the U.S.?
Nope. Orders of magnitude smaller than TARP and many of the other gov't bailouts over the decades.
I knew this was going to happen. I thought it would drop like a rock and then I might get in at a reasonable price and flip it right away but even at $31 it is still trading at 99 times earnings. A surprising stock that I thought was in the same boat (and I don't own) is Apple. I thought for sure it was trading on hype but it in fact, at $557 a share is trading at a far more palatable 13.58. I think Apple is at the absolute top of it's game though at this point and there is no where to go but down or sideways.
13.58? That's blue chip. When I was getting my Accounting degree, anything over 10 times was considered speculative. Yet now we're told that companies at 60 times earnings or more are safe investments. Its the era of the insane.
Looks very different with all the news.............
Facebook has some revenue but not enough to make it worth $100 Billion. Facebook will have to find a way to monetize more of its users' information to support that valuation. Prepare for a change in FB's privacy policy.
Facebook has some revenue but not enough to make it worth $100 Billion. Facebook will have to find a way to monetize more of its users' information to support that valuation. Prepare for a change in FB's privacy policy.
So.....Why did that one fella leave the U.S.?
Banker friend of mine, who knows his stuff, can't stop laughing at the fubar Facebook IPO.
He thinks criminal charges will flow from the screw up with the IPO. All the data shows the stock was driven up by at least 25% by some improper reporting of earnings and forcasts.
He says the stock is really worth $14 or so.
kinda sounds like Fransisco D'Anconia and the San Sebastian mines...
kinda sounds like Fransisco D'Anconia and the San Sebastian mines...
kinda sounds like Fransisco D'Anconia and the San Sebastian mines...