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I was following along until your call for $400-$600 share price. The problem with FB is that growth is slowing and will eventually decline, and it's a growth st
by rubiquity 4y ago
I was following along until your call for $400-$600 share price. The problem with FB is that growth is slowing and will eventually decline, and it's a growth stock. Unless the Metaverse pans out it is going to be a while before the stock is anywhere near its previous valuations, and that's putting aside the current macro environment.
- RivieraKid 4y ago> and it's a growth stock How do you define a growth stock?
- rubiquity 4y agoStocks bought largely on expectations of future growth in share price because the underlying business is promising. In contrast to well run businesses that pay consistent dividends to shareholders. Right now FB is neither a growth stock nor a value stock, and that's bad because as revenue declines so will share buybacks.
- paulpauper 4y agoit can get to $400 just with PE multiple expansion back to 26 or so , which is not overvalued.
- sjg007 4y agoLikely not going to happen in the next 2 years unless we see general economic growth/rebound. After 2 years if FB has a new offering then maybe.