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More on Facebook: Henry Blodget points out that even if Facebook grows profits at a 50% clip in...

More on Facebook: Henry Blodget points out that even if Facebook grows profits at a 50% clip in 2012 and 2013 (could be tough given slowing growth and soaring capex), it will trade at over 40x 2013 EPS. Apple, by contrast, trades at 11x its expected 2013 EPS. Back in February, Michael Comeau noted how Google's multiples compressed in the years following its IPO. And Google was both growing faster and sporting lower multiples at the time of its IPO than Facebook currently is.
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Comments (3)
  • rabdoes
    , contributor
    Comments (30) | Send Message
     
    Henry should know, he was pumping like that before they threw him out of the industry.
    17 May 2012, 08:58 PM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    FB has better multiples than its most recent similar comparable (LNKD) still up 130%. FB serving marketing to 1 billion daily and growing we are long will stay long accumulate big dips only.We think (http://bit.ly/pFSoX2) is a way better fundamental buy but way less GROWTH
    than FB over time.To compare the 2 is like comparing a large tech work horse to a young race horse.FB is a great spec play for any folio do not buy opening froth buy big dips only. APD
    18 May 2012, 05:48 AM Reply Like
  • Internal Source
    , contributor
    Comments (313) | Send Message
     
    Hate the fact that the criminal Blodget reinvents himself and the world acts like nothing happened in the early 2000s. Scot-free.
    18 May 2012, 07:28 AM Reply Like
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