Facebook Update
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Facebook Update Our friends at Manifest Investing have pointed out that Valueline has recently initiated coverage of Facebook and is showing a low Projected Annualized Return forecast of 14%. bivio investment clubs had purchased approximately 6000 shares at the IPO. That has gone up. Clubs now own a total of 8228 shares. What are your investment clubs thinking? Are you buying or selling Facebook? Are you even discussing it as an investment? Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe The Morningstar stock advisor has a cover page story titled "Facebook: from Overpriced IPO to Opportunity." From: Laurie Frederiksen <laurie@bivio.biz> To: The Club Cafe <club_cafe@bivio.com> Sent: Friday, August 17, 2012 8:29 AM Subject: [club_cafe] Facebook Update Our friends at Manifest Investing have pointed out that Valueline has recently initiated coverage of Facebook and is showing a low Projected Annualized Return forecast of 14%. bivio investment clubs had purchased approximately 6000 shares at the IPO. That has gone up. Clubs now own a total of 8228 shares. What are your investment clubs thinking? Are you buying or selling Facebook? Are you even discussing it as an investment? Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Laurie, Facebook never even came up at Nationwide Investment Club. Bob From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen Our friends at Manifest Investing have pointed out that Valueline has recently initiated coverage of Facebook and is showing a low Projected Annualized Return forecast of 14%. I agree with Bob. For clubs that follow BI guidelines FB could not even be considered. It has not been public for five years.
It is true that Facebook has not been public for 5 years. Nor is it a stock that someone who was not willing to spend time reading financial statements should probably be investing in. However, if you are interested, there are actually 5 years of historical data shown in their S-1A filing which was required when they went Public. Facebook S-1A Filing In it you'll find a table of contents. One of the items is a section which is also in all annual reports called "Selected, Consolidated Financial Data". It's on page 43 of the FB filing. It is a summary table of 5 years of income statement information including revenues, expenses and Net Income. You'll also find their most recent quarterly filing very interesting. There is a lot of descriptive material in it about the company and their business. I definitely wouldn't form an opinion about them as an investment without reading through it. The Management Discussion and Analysis, Other Information and Risk Factors sections are written in regular English. There's a lot of good "stuff" in them. Facebook Quarterly Report-July 31, 2012 Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe |
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