02-02-2022, 09:07 PM
(02-02-2022, 08:16 PM)Kerim Wrote: I think it is a grotesque over-reaction. Enough so that I just made my first after-hours purchase ever to increase my FB holdings considerably. Anyone who is selling because FB *only* increased EPS by 36 percent in 2021 is out of their mind. Slowing growth matters a lot with a stratospheric P/E, which this cash generating juggernaut does not suffer from.
Not making any predictions about time frame -- my holding period is generally measured in decades. (But the way things have been moving lately, it would not surprise me a bit if it was back closer to $300 by the open tomorrow, as people come to their senses. (Or maybe it will be under $200 -- who the hell knows anymore. But I'll be sleeping fine tonight.))
Agreed. And we all know every growth fund, etf ect owns FB in it's top 10. It will come back and we now have a discount to buy it.. I added a few AH's under $250. Why not. with a PE of less then 25.
The only issue I have is FB is losing the young adults and they are fleeing to Tick Tock