Tuesday August 30, 2016
Tom Winnifrith postcard: I explain to a 15 year old from Islington why she should not be disgusted that her Dad backs Donald Trump
Scotland & the BBC - is the big issue, really how gay friendly the nation is?
Hypocrite Theresa May spends YOUR cash to tell you to do as I say not as I do

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

Facebook – Share crash to continue – Target Price cut from $7.30 to $5 and Zuckerburg will have to go

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

I have explained numerous times since Facebook (US: FB) stock IPO’d at $38 a share in mid May why I think that the shares are on fundamentals worth no more than $7.30. Actually it is pretty hard to put any value on this company as there is just so little visibility of earnings. And for that reason alone I am now slashing my price target from $7.30 to $5. And I think that the shares will head there pretty quickly. This remains a stonking short sell opportunity and here is why.

Read the full article on ADVFN | Comments
comments powered by Disqus
---

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.