Like Us: Value Line Investment Survey Initiates Coverage of Facebook, Inc.
NEW YORK--(BUSINESS WIRE)-- Value Line (VALU) has initiated coverage on Facebook, Inc. in its flagship product, The Value Line Investment Survey ®. Beginning Monday, August 13th, Value Lines analysts are evaluating the performance and business fundamentals of the stock. Facebook operates the worlds leading social networking service. It currently possesses more than 950 million users and generates the bulk of its revenues from advertising and from fees associated with the sale of virtual and digital goods. The company completed its initial public offering in May of 2012. At that time, approximately 421 million shares were sold to the public at an average price of $38 a share. After a brief spurt on the day the stock started trading, the issue sold off in the following weeks. For more information about the particular investment merits of Facebook, subscribers can peruse our full-page research report.
The Value Line Investment Survey, Value Lines signature publication, is one of the most highly regarded and widely used independent investment research resources. Published weekly, it tracks approximately 1,700 stocks in over 90 industries and ranks those stocks on Timeliness" and Safety". It is available both online and in print.
Value Line, Inc. is a New York corporation headquartered in New York City and formed in 1982. The Companys primary business is producing investment periodicals and related publications in both print and digital format and making available copyright data, including certain Proprietary Ranking Systems. The investment periodicals and related publications offered by Value Line Publishing LLC cover a broad spectrum of investments including stocks, mutual funds, options and convertible securities. The Companys periodicals and related publications and services are of interest to individual and professional investors, as well as to institutions including municipal and university libraries and investment firms.
Value Line, Inc.
Howard Brecher, Chief Executive Officer
Ian Gendler, Director of Research
Source: Value Line, Inc.Copyright Business Wire 2012