Facebook's fair price $0.65X15<$9.75

oldpigwang

By The Daily Ticker | Daily Ticker – Fri, Aug 17, 2012 5:21 PM
摘录
Facebook's stock price is still expensive relative to the current expected earnings growth for the company. At $20, the stock is trading at 31X next year's projected earnings per share of $0.65. Apple and Google, for comparison, trade at less than 15X. Facebook could easily trade at 20X-30X next year's earnings and still have a nice valuation. So the stock could go considerably lower.
$0.65X15=$9.75
Facebook's margins, meanwhile, are expected to continue to decline, which means that earnings will likely grow more slowly than revenue.
With the Facebook employee lockup releases coming in October and November, this isn't just an issue of morale and "paper net worth." Current and former Facebook employees have been counting on the stock to buy things (houses, for example). So it's a matter of near-term financial planning.

rightonmoney

silicon_beaver

<$9.75 will hurt FB employees to much.
They will hunt for OPW.  

oldpigwang

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