Not for me, it isn't. Facebook might be worth two or three dollars.
August 16, 2012, 4:28 PM
Facebook Below $20: Is It a Buy?
By Steven Russolillo
wsj.com
The carnage in Facebook shares has prompted one major question: Is it finally time to buy?
The stock seems to have found some sort of floor near $20, with Thursday marking the second time this month it has been to hold around that level. It closed down 6.3% at $19.87.
But given revenue growth is shrinking, costs are rising and short sellers are pouncing, question marks continue to swirl about what’s next for the stock.
“Given a timing standpoint, there’s no rush jumping in now,” Ken Sena, an analyst who covers Facebook for Evercore Partners, told MarketBeat.
More: http://blogs.wsj.com/marketbeat/2012/08/16/facebook-below-20-is-it-a-buy/
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