DJIA

4342 days ago

Facebook – Fair Value $7.30?

I do not use Facebook. It seems to me like a tool for morons who cannot read a book, engage in sensible conversation or live away from their screen or phone. In other words it has a vast target market in today’s world. Its shares have plunged from $38 at IPO two weeks ago to $26.90 but I fail to see how they are worth more than $7.30. I would not be tempted to bottom fish.

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