Is Facebook Really Worth $58 Billion, Maybe
by Gregory Stuckey
Facebook (FB) has been on a wild ride this year already. It peaked at $32.47 at the end of January, but has been on a basically downward trend since then hitting $23.32 as of the writing of this article. This is down about 9% for the year but even at this stock price Facebook has a market capitalization of a little more than $56 billion. Is this really what Facebook is worth? According to Fidelity.com the actual EPS for Facebook last year was $.53 and the P/E for the trailing 12 months is 803. Looking at the financial statements I see sales have grown by 37% but income has fallen by 95%, yikes! Net income was $53 million for 2012 but was $1 billion in 2011. This is a pretty dramatic fall in net income and makes me question the value investors have placed on this stock. There must be more to Facebook than meets the eye. read more »
Get Seeking Alpha notifications with our iPhone App | Android App | iPad App
More on FB
Facebook Is No Holy Grail For Small Business - Shares Fairly Valued by Valuentum
Social Media Battle: Facebook Vs. LinkedIn by Stock Picker
Time For A Fresh Look At Facebook by Intelligent Speculator
Other articles that mention FB
The Young And Restless Portfolio: Aggressive Growth Of Over 45% In 5 Months by Regarded Solutions
Why Google Is Worth North Of $1,000 by Valuentum
2 Stocks To Buy, 1 Stock To Sell, What's Next For The Market by The Oxen Group
Why are you receiving this? You subscribed to real-time article alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.
Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following FB: unsubscribe from all FB email alerts
This type of alert isn't helpful to me: unsubscribe from article alerts on FB
To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.
Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001
No hay comentarios:
Publicar un comentario