OT: Facebook
The much touted IPO is coming up. The info is coming out as to how they're going to generate income...
http://www.nytimes.com/2012/03/01/busine…
http://www.nytimes.com/2012/03/01/busine…
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8 comments
Maybe the next update should be to accept the incoming IP address and match it to adult businesses in that area.
I totally agree. Low P/E ratios beat out high hype levels every time.
I was a fool for buying Netflix when it was so overvalued when I just got into investing, but thankfully I found bigger fools than me to buy it right before it tanked.
Now I barely consider stocks that have double digit P/E ratios unless they also have dividend yields north of 5%.
I will be taking a pass on this thing; but then I also took a pass on AAPL when it was offered to me many many years ago on its open! Even in my own industry I have often had my head up my ass when presented with similar opportunities with IPOs.
Disregard anything that seems like investment advice in this post. I have proved myself incompetent countless times in the investment world.