thanks for the writeup .. good one. I have one question thou- I am really concerned about sustainability of the high advertisements that Facebook is earning right now.. a lot of this maybe due to tech boom and a lot from non-profitable tech companies..(as Bill Smead says) so I am not sure what multiple is conservative with a margin of safety! Would be curious on your thoughts.
i think that might be missing the forest for the trees. long term a cyclical drop in ad revenue is not the end of the world. Talk to any marketer, this is how many of them grow and not just new tech stocks but old line cpg companies.
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thanks for the writeup .. good one. I have one question thou- I am really concerned about sustainability of the high advertisements that Facebook is earning right now.. a lot of this maybe due to tech boom and a lot from non-profitable tech companies..(as Bill Smead says) so I am not sure what multiple is conservative with a margin of safety! Would be curious on your thoughts.
i think that might be missing the forest for the trees. long term a cyclical drop in ad revenue is not the end of the world. Talk to any marketer, this is how many of them grow and not just new tech stocks but old line cpg companies.
As close as one can get to a no-brainer investment....