You’ll Regret Not Buying Facebook, Right Now: Pro
Published: Thursday, 16 Aug 2012 | 7:05 PM ET
By: Lee Brodie
On Thursday, as 270 million shares were unlocked, Facebook [FB 19.87 -1.33 (-6.27%) ] sank to an all-time low. And, we're hearing if you don’t buy now, you’ll kick yourself in days to come.
GAM Investment Director Mark Hawtin is convinced around $20, Facebook is a screaming buy.
“I can value Facebook at $20 for its display advertising business alone,” he says on CNBC's Fast Money Halftime Report. “And at $20 you get social advertising and other fee income pretty much for fr
Why do people always compare FB and AMZN? You might also be interested to know that for every AMZN success story, there were a thousand other companies that declared BK and the shares dropped to pennies. I'm not saying that will happen to FB, but you can't just look at a totally different company and say, "AMZN was low and it went higher so FB will do the same." I'm sorry, but that's flawed logic; that's like saying that the woman across the street survived with cancer, so my mother will be fine.