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And it's still trading at the insane P/E of 116. It's a stock on its way to $5, and even that is too high at the current earnings.

by rorrr 14y ago

nostromo 14y ago
By P/E (admittedly a poor indicator of value) it's a steal compared to Amazon (~285) and SalesForce (historically between 200-400, now in the thousands).
- rorrr 14y ago
  Amazon's revenues have been growing like crazy, year after year: http://i.imgur.com/EWBOe.png http://i.imgur.com/EWBOe.png Which justifies this high P/E. Amazon is about to grab a huge section of retail by offering cheap next day shipping. Same for Salesforce - consistent growth: http://i.imgur.com/FaaA1.png http://i.imgur.com/FaaA1.png
NoPiece 14y ago
from the WSJ today, Facebooks forward PE is 45, and trailing is 81. http://blogs.wsj.com/marketbeat/2012/07/31/tweet-this-j-c-penney-stock-costs-more-than-facebook/ http://blogs.wsj.com/marketbeat/2012/07/31/tweet-this-j-c-pe... " Tweet this: Facebook shares have been pushed down so far, so fast, that they now cost less than J.C. Penney shares. J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75. Now we know what you’re going to say: look at the valuations, dummy! (There, we saved you the trouble.) J.C. Penney’s PE (forward, one-year) is about 18. Facebook’s is 45 (and it’s trailing PE is 81). Plus, J.C. Penney has about 219 million shares outstanding; Facebook has 2.1 billion. "
- gsibble 14y ago
  Wow. I would think the WSJ was smarter to compare stock prices to stock prices. That's retarded.
  - wutbrodo 14y ago
    This is the WSJ of Rupert Murdoch. After NewsCorp bought the WSJ (and before I knew he had), I noticed that the blogs and opinion sections were suddenly stuffed with sensationalistic nonsense (including gems like this hidden in otherwise okay articles).
  - wutbrodo 14y ago
    This is the WSJ of Rupert Murdoch. After NewsCorp bought the WSJ (and before I knew he had), I noticed that the blogs and opinion sections were suddenly stuffed with sensationalistic nonsense (including gems like this hidden in otherwise okay articles).
- rorrr 14y ago
  "J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75" I wouldn't trust the opinion of whoever wrote this. Pure stock prices are meaningless, you can't compare them.
- deleted 14y ago
  [deleted]
- z92 14y ago
  > J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75 I find it ok when some online commenter says it [he might be a fifth grader]. But I find it surprising that a leading financial newspaper publishes such statement.

And it's still trading at the insane P/E of 116. It's a stock on its way to $5, and even that is too high at the current earnings.

by rorrr 14y ago

And it's still trading at the insane P/E of 116. It's a stock on its way to $5, and even that is too high at the current earnings.

nostromo 14y ago

By P/E (admittedly a poor indicator of value) it's a steal compared to Amazon (~285) and SalesForce (historically between 200-400, now in the thousands).

rorrr 14y ago
Amazon's revenues have been growing like crazy, year after year: http://i.imgur.com/EWBOe.png http://i.imgur.com/EWBOe.png Which justifies this high P/E. Amazon is about to grab a huge section of retail by offering cheap next day shipping. Same for Salesforce - consistent growth: http://i.imgur.com/FaaA1.png http://i.imgur.com/FaaA1.png

NoPiece 14y ago

from the WSJ today, Facebooks forward PE is 45, and trailing is 81. http://blogs.wsj.com/marketbeat/2012/07/31/tweet-this-j-c-penney-stock-costs-more-than-facebook/ http://blogs.wsj.com/marketbeat/2012/07/31/tweet-this-j-c-pe... " Tweet this: Facebook shares have been pushed down so far, so fast, that they now cost less than J.C. Penney shares. J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75. Now we know what you’re going to say: look at the valuations, dummy! (There, we saved you the trouble.) J.C. Penney’s PE (forward, one-year) is about 18. Facebook’s is 45 (and it’s trailing PE is 81). Plus, J.C. Penney has about 219 million shares outstanding; Facebook has 2.1 billion. "

gsibble 14y ago
Wow. I would think the WSJ was smarter to compare stock prices to stock prices. That's retarded.
- wutbrodo 14y ago
  This is the WSJ of Rupert Murdoch. After NewsCorp bought the WSJ (and before I knew he had), I noticed that the blogs and opinion sections were suddenly stuffed with sensationalistic nonsense (including gems like this hidden in otherwise okay articles).
- wutbrodo 14y ago
  This is the WSJ of Rupert Murdoch. After NewsCorp bought the WSJ (and before I knew he had), I noticed that the blogs and opinion sections were suddenly stuffed with sensationalistic nonsense (including gems like this hidden in otherwise okay articles).
rorrr 14y ago
"J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75" I wouldn't trust the opinion of whoever wrote this. Pure stock prices are meaningless, you can't compare them.
deleted 14y ago
[deleted]
z92 14y ago
> J.C. Penney shares right now are around $22.55, Facebook shares are around $21.75 I find it ok when some online commenter says it [he might be a fifth grader]. But I find it surprising that a leading financial newspaper publishes such statement.