Monday May 22, 2017
Donald Trump sucks Corrupt Saudi cock - truisms you cannot utter in the islamofascist jihad backing hell-hole
Searching google for an article I wrote on cats - a great passage about my father & the vlachs: proud son time
Photo Article - cats in Greece

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

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

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.