Sunday August 31, 2014


Bitten by a Duck in Kardamili Greece as the Mrs laughed loudly
Weekly Video Postcard (#46 financial, #76 non-financial) – Free Speech & Frigana Edition
Hamas supporters in UK try to get pro-Israel tweeter fired by blackmailing employer

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Facebook Target Stock Price still $7.30 but risks now on downside

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- Tom Winnifrith

I wrote here on June 5th that my target stock price for Nasdaq darling (and overhyped IPO of the year) Facebook (FB) was $7.30 a share. Results yesterday saw the share price slide again and they are now $26.84 down from a $38 IPO just a couple of months ago. At the time ex-penny share tipster Luke Heron set a $50 target price. That was a good a sell signal as you would normally get. But on this occasion the fundamentals were an even bigger sell. If anything yesterday’s results make me think my target price may be a tad optimistic. This remains a great one way bet.

The headline loss of $157 million is irrelevant.

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