I like FB in the $4-6 range (10-15x PE). Social me
Post# of 98051
Posted On: 07/31/2012 1:25:36 PM
I like FB in the $4-6 range (10-15x PE). Social media companies can be extinguished in a heart beat and relatively inexpensively (witness MySpace) once the next better plaform is developed.
The tech software start-ups that have developed true name brand staying power and longevity are very short:
Google (killed AOL, Netscape, Mosaic and others), Amazon (competitors are mainly brick & mortar operations), Ebay (owns 25% of Craigslist)
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