What’s wrong with Facebook?
The value of its stock has dropped over 55% in the past year. Its earnings are only about 1.50% of current share value. It does not pay a dividend. Its revenue is down. Its daily users are down, and its revenue per user is down. If these trends are not remedied through a revamped business plan, you Joe Investor are much better off buying a CD at your local bank. Think about it. A one-year CD pays 2.60% and the principal is guaranteed by the federal government. Will FB ever pay you a 2.6% dividend? Certain guaranteed annuities pay you nearly 2 times this amount, tax free. Can you count on FB’s stock value increasing? One of our most high-flying tech stocks may have finally jumped the shark. As I am currently drafting a lawsuit to sue FB, I think I am in a unique position to tell you why.
Read Full Article »
