Reasons To 'Unlike' Facebook Q4 Earnings
by Skeptical Engineer
The world's largest social network is scheduled to deliver earnings this week. Since the Facebook (FB) IPO in May 2012, the stock price has been on a roller coaster ride. The stock was below $20 in November 2012, and it has since climbed above $32. The unlocking of insider shares during November did not trigger a long-term decline in the stock price. The company is trading at a trailing P/E of 168 and a forward P/E of 49. The market is pricing the stock with an expectation of major growth. read more »
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