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Facebook, Inc. (FB) Message Board

  • ohhmylord ohhmylord Mar 22, 2013 11:33 AM Flag

    I find it odd that most people think GRPN, ZNGA, and LKND are better buys than FB

    I thought you're suppose to go with best of breed, but guess I'm wrong. All those stock are outperforming FB by a lot in 2013

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    • Well join the club. I believe there is an underlying resentment and animus at work here. FB is one of the most hated and resented companies in the world right now, and they simply do not care. The employees all support Zuck's way of doing things, and they seem to have adopted #$%$ against the world attitude, with small investors included in the enemy.

      It's sad since FB has met all its revenue estimates and done a pretty good job of making the quick switch to mobile. They really would be doing themselves a favor in terms of goodwill all around if they had just worked the price back $33 and let all the anger dissipate. Unfortunately they still just dismiss law suits and investor concerns because Zuck is in control.

      FB still acts like a publicly traded company sitting on 10 billion in investor cash that still doesn't want to be public, and resents having had to go public. Their guidance and treatment of investors' concerns is so negative, it may be amazing they haven't already slipped down to $24.

      Why Deborah Crawford at investor relations doesn't say or do more to reach out to investors is puzzling. It's certainly time for folks to realize that there is an "NY Yankees", "Oakland Raiders" type bias against this stock, and management doesn't care. LNKD may indeed look to be a great stock but it is trading at 22x book value, and it's hard to see why FB is trading at only 5x BV.

      While FB Sheryl Sandberg has already given up trying to tell the world why FB is a good company and a good investment, and has moved on to bigger issues, we are left wondering where would FB is they actually cared about their shareholders and the near term stock price to even the most basic degree.

      Fortunately, if FB can at least stay above its neckline support of $25.91 for two more weeks, Passover and the tax season will be over, and earnings season will very likely herald a bump back up to $29. If FB can keep its neck above water at $25.91 - $26.50. I think it can.

      Sentiment: Hold

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