Tuesday, May 22nd, 2012
How can we not throw our hats into the ring with some sort of “facebook credo”? Honestly, we are both tired of Facebook and the endless drone that is Wall Street on the subject of Facebook.
We all use Facebook but have never knowingly clicked on an ad or purchased anything through a Facebook link. Therein, lies the rub for the company- how to make money after the inital hoopla ends and advertisers really scrutinize the value of ad dollars spent on Facebook. We are and have been wary of Facebook as an investment for quite some time- gotta say the Social Network movie didn’t exactly paint Facebook management as folks who would care what shareholders thought or how they fared finanically.
Our advice, tread carefully - buy it if you dare but keep your seat belt fastened - it is our sneaky suspicion that both bears and bulls will at various points be capable of claiming victory over the coming months (FB $32 at this time)
Any specific stocks named in this presentation may not be representative
of current or future investments in the portfolio to which they belong.
You should not assume that investments in the securities identified
were or will be profitable. We will furnish, upon your request,
a list of all securities purchased, sold, or held in the portfolio
during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and
not meant as specific recommendations. The opinions of the authors are not a
recommendation to buy or sell the stock, bond market or any security
contained therein. Securities contain risks and fluctuations in
principal will occur. Research any investment thoroughly prior to
committing money or consult with your financial advisor. Please note that
Fagan Associates, Inc or related persons buy or sell for itself securities
that it also recommends to clients. Consult with your financial advisor
prior to making any changes to your portfolio.
©2013 Fagan Associates, Inc. All rights reserved.