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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-fac
by 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...
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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.
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- gsibble 14y agoWow. I would think the WSJ was smarter to compare stock prices to stock prices. That's retarded.
- wutbrodo 14y agoThis 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 agoThis 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.