Facebook (FB) Counterpoint: We're Not Communists
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Price: $222.10 +3.82%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +32.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +32.9%
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According to recent reports and hoopla, Morgan Stanley (NYSE: MS) is coming under fire for disclosing a revenue outlook change for Facebook (Nasdaq: FB) only to certain clients and just ahead of Facebook's IPO. Oh, and Morgan Stanley just happened to be lead underwriter on the offering.
Here's an evaluation of sentiment following the offering summed up in one, substantially elusive sentence: "Hey you! You over there, you're going to be a blacksmith. And, you, lady, you're going to be a nurse. Young man, you'll make a fine butcher, so that's your lot in life."
The point is this: information about Facebook was made public ahead of time via an amended S-1 with the U.S. SEC filing. That's the beauty of living in a democratic society and not one dominated by a socialist regime.
Further, certain clients pay for certain information from Morgan Stanley.
Further still, true investors should turn off the TV because it's distracting from doing their own research. (We've counted "Facebook" being mentioned on CNBC roughly 15,000 times since the start of April...which seems conservative.)
Hey, if Morgan Stanley has to be fair and distribute its research to everyone, then we propose all firms do the same on a fee-free basis and Warren Buffett distribute his information (i.e. - wealth) to us. Specifically, us (Streetinsider.com).
Until then, think about how much people wouldn't be griping if Facebook closed even $1 to $2 higher last Friday. Would the dip over the last two sessions still have made a difference? Maybe, but many like to issue a complaint when things don't go there way due to plans on making an "easy buck" blowing up right in their face.
Remember the first lesson you probably ever learned as a child? Life isn't fair. Timmy gets to go to the zoo because he did well on his exam. Suzie got a new dress because her parents inherited the family business. John got into Stanford because he worked hard...and his biochemist father and math professor mother (both adept at literature and musical instruments, mind you) took the extra time to network their way right to the school president's front door. Janice got that promotion because she put in extra time at work and schmoozing during cocktail hour.
Rajaratnam got millions...then years behind bars because he tried cheating the system.
Or else, if life were fair we'd be shagging you down for your momentous, beautiful, Buffett-sized stack of cash.
The pie's only so big. Facebook shares are up 3.3 percent on Wednesday's session, making approximately zero people happy in the process.
Here's an evaluation of sentiment following the offering summed up in one, substantially elusive sentence: "Hey you! You over there, you're going to be a blacksmith. And, you, lady, you're going to be a nurse. Young man, you'll make a fine butcher, so that's your lot in life."
The point is this: information about Facebook was made public ahead of time via an amended S-1 with the U.S. SEC filing. That's the beauty of living in a democratic society and not one dominated by a socialist regime.
Further, certain clients pay for certain information from Morgan Stanley.
Further still, true investors should turn off the TV because it's distracting from doing their own research. (We've counted "Facebook" being mentioned on CNBC roughly 15,000 times since the start of April...which seems conservative.)
Hey, if Morgan Stanley has to be fair and distribute its research to everyone, then we propose all firms do the same on a fee-free basis and Warren Buffett distribute his information (i.e. - wealth) to us. Specifically, us (Streetinsider.com).
Until then, think about how much people wouldn't be griping if Facebook closed even $1 to $2 higher last Friday. Would the dip over the last two sessions still have made a difference? Maybe, but many like to issue a complaint when things don't go there way due to plans on making an "easy buck" blowing up right in their face.
Remember the first lesson you probably ever learned as a child? Life isn't fair. Timmy gets to go to the zoo because he did well on his exam. Suzie got a new dress because her parents inherited the family business. John got into Stanford because he worked hard...and his biochemist father and math professor mother (both adept at literature and musical instruments, mind you) took the extra time to network their way right to the school president's front door. Janice got that promotion because she put in extra time at work and schmoozing during cocktail hour.
Rajaratnam got millions...then years behind bars because he tried cheating the system.
Or else, if life were fair we'd be shagging you down for your momentous, beautiful, Buffett-sized stack of cash.
The pie's only so big. Facebook shares are up 3.3 percent on Wednesday's session, making approximately zero people happy in the process.
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