Thursday June 29, 2017
Jon Snow of Channel 4 Fake News - the tweet that shows why he is so prone to pushing lies
As my daughter turns 16 tomorrow, Britain's greedy & morally bankrupt doctors demand the right to have murdered her
So the historian contacted me about Albert Baker Winnifrith - the defrocked vicar

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

Facebook still a sell down to $5 - EPS forecasts will be cut, earnings visibility getting worse

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Slowly, it is sinking in. Facebook (FB) was floated in May as a growth stock. Forecasts and valuations were based on extrapolating historic trends. But in the new media world, that is impossible. My bear case against Facebook was always that the rating was too high based on historic numbers and that one had to be the metric used given that forecasting was impossible. Rather more quickly than I had expected, recent data is starting to vindicate my stance. I argued here on 28th August that the shares were worth $5, and I stand by that view.

Read the full article on SeekingAlpha | 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.