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Sterne Agee's Arvind Bhatia joins Wedbush in taking a bullish stance on Facebook (FB) ahead of...

  • Monday, May 7, 2012, 11:10 AM ET
    Sterne Agee's Arvind Bhatia joins Wedbush in taking a bullish stance on Facebook (FB) ahead of next week's IPO. Bhatia thinks Facebook can grow its share of online advertising to 8% in 2016 from 5% in 2011, and believes mobile and (though it's currently blocked within the country) China could be future growth drivers. He sees Facebook generating $6.3B in revenue and $0.69 in EPS in 2013.
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    Nice layering. Now 2-3 other firms will jump on those same assumptions and project out for few years and before you know it we have a new bubble. How do I know? FB is selling shares at 40-41 to anyone on sharepost and naive "investors" are actually buying it thinking it will double in 12 months
    7 May 2012, 11:30 AM Reply Like
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