Losing your ass yet ?
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Losing your ass yet ?

  1. #1
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    Default Losing your ass yet ?

    I was wondering if any of our local capitalist get rich quick dreamers here bought any Facebook?

    BTW, I wouldn't be surprised if the OWS / 99%er crowd logs off .....

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    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by zombie View Post
    I was wondering if any of our local capitalist get rich quick dreamers here bought any Facebook?

    BTW, I wouldn't be surprised if the OWS / 99%er crowd logs off .....
    I didn't. Was advised to wait for several different reasons, but really had no intention on doing it anyways.
    Then again, I am not a get rich quick dreamer.
    That would actually be the OWS crowd you speak of, not real capitalists.

    (See, although I waste time on here, I'm actually working, and have no use for FB or twitter. Closed FB account after like a week or so.)

    (Oil investments are returning good though......)
    Last edited by thatguy; 05-22-2012 at 11:13 AM.
    Tommy
    Quote Originally Posted by Rexone View Post
    Tommy please remove all Jimsplace quotes from your sig and don't put more back. He doesn't like it and it is against the rules. Thank you.
    "So as through a glass, and darkly
    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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    Senior Member Boss460's Avatar
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    I stayed well away from that IPO. Only IPO I've ever bought was Visa. I seriously doubt you'll find any of the type of person you mention (get rich quick) on this forum. On either side.

    I laughed when they announced a $38 price. P/E of 70+??? Hell no. I thought about putting some money into shorting it but didn't

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    Quote Originally Posted by zombie View Post
    I was wondering if any of our local capitalist get rich quick dreamers here bought any Facebook?

    BTW, I wouldn't be surprised if the OWS / 99%er crowd logs off .....

    your delight in others losing their ass means to me that you are an unhappy underachiever with little to show for your life's career.

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    Quote Originally Posted by Boss460 View Post
    I stayed well away from that IPO. Only IPO I've ever bought was Visa. I seriously doubt you'll find any of the type of person you mention (get rich quick) on this forum. On either side.

    I laughed when they announced a $38 price. P/E of 70+??? Hell no. I thought about putting some money into shorting it but didn't

    Funny I bought Visa as well- have made out superbly!

    Facebooks 38 was totally laughable

    I declined and ignored the buy and the short. I had brokers calling me for weeks trying to get me to buy in. Waaaay oversold out of the gate and didn't even make day 1.

    Uncle Dave


    UD

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    Living in a cage of fear thatguy's Avatar
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    Quote Originally Posted by Jake View Post
    your delight in others losing their ass means to me that you are an unhappy underachiever with little to show for your life's career.
    I still can't get past that he called capitalists "get rich quick dreamers".... THAT is truly laughable.
    Tommy
    Quote Originally Posted by Rexone View Post
    Tommy please remove all Jimsplace quotes from your sig and don't put more back. He doesn't like it and it is against the rules. Thank you.
    "So as through a glass, and darkly
    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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    I bet it's below 30 before the holidays. Facebook is this decades Amazon.

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    Quote Originally Posted by redneckcharlie View Post
    I bet it's below 30 before the holidays. Facebook is this decades Amazon.
    Amazon? I wish I had that at IPO pricing from 1998. It's worth 200 times that now. Maybe another company you're thinking of?

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    Icy
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    It was overpriced before they increased the number of shares and the offering price. Even at the initial IPO estimates with lower shares and lower price it was a very risky buy betting on the future and not reality.

    $100 billion company yeah right...

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    Quote Originally Posted by Boss460 View Post
    Amazon? I wish I had that at IPO pricing from 1998. It's worth 200 times that now. Maybe another company you're thinking of?
    My bad on not being clear. I was referring to the actual stock price when it first came out when compared to its actual revenue capability. Some of the stuff I was reading was saying that at 38$ a share Facebook was higher valued then companies like Ford, Visa, etc. The revenue is somewhere around 2% of its value from what I was reading. That to me is assanine. My reference to Amazon was that when it initially came out and was doing books and music it's price per share compared to actual value and revenue was that Amazon would have had to control every transaction for music and books on the planet. Amazon has long since changed its model which completely changed its prospects for revenue.
    Last edited by redneckcharlie; 05-22-2012 at 02:56 PM.

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    Quote Originally Posted by Icy View Post
    It was overpriced before they increased the number of shares and the offering price. Even at the initial IPO estimates with lower shares and lower price it was a very risky buy betting on the future and not reality.

    $100 billion company yeah right...
    Bingo!

    They reported 3.7 billion in revenue in 2011. That comes to less than $4 in revenue per year per user (just under a billion users). They valued the company at 100 billion. So, if someone were to purchase all of facebook for that amount, it would take 27 years of revenue to pay it off.

    Revenue is not profit. It's the total amount of money they take in. Gotta take out expenses to find profit.

    They make around 1 billion per year in profit. So if someone did purchase facebook for 100 billion, it would take them 100 years of profit to pay it off not taking into account interest or inflation. A fair value of facebook is around 10 billion. Or just under $5 a share. They only way they could justify a valuation of 10 times that amount is to increase the number of users by 10 times and hope revenue and profit increases the same amount. They currently have a billion users. There are an estimated 7 billion people on the planet. Do the math. Only 12-14% of the world's population has access to a computer. That means that almost everyone that has access to a computer in the entire world ALREADY has a facebook page. How ya gonna grow your revenue and profits facebook?

  13. #12
    Icy
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    Quote Originally Posted by Boss460 View Post
    Bingo!

    They reported 3.7 billion in revenue in 2011. That comes to less than $4 in revenue per year per user (just under a billion users). They valued the company at 100 billion. So, if someone were to purchase all of facebook for that amount, it would take 27 years of revenue to pay it off.

    Revenue is not profit. It's the total amount of money they take in. Gotta take out expenses to find profit.

    They make around 1 billion per year in profit. So if someone did purchase facebook for 100 billion, it would take them 100 years of profit to pay it off not taking into account interest or inflation. A fair value of facebook is around 10 billion. Or just under $5 a share. They only way they could justify a valuation of 10 times that amount is to increase the number of users by 10 times and hope revenue and profit increases the same amount. They currently have a billion users. There are an estimated 7 billion people on the planet. Do the math. Only 12-14% of the world's population has access to a computer. That means that almost everyone that has access to a computer in the entire world ALREADY has a facebook page. How ya gonna grow your revenue and profits facebook?
    They think they are going to increase the revenue per user. Being a financial data analyst in the internet market for a year, I highly doubt they will be able to achieve this. Any move usually results in the loss of customers once you have stagnated growth rate. The negative of the move has to be worth it mathmatically to do it. With so many threating to close their facebook acount with any fees or added inconviences I doubt they will be able to achieve this.

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    Quote Originally Posted by thatguy View Post
    I still can't get past that he called capitalists "get rich quick dreamers".... THAT is truly laughable.

    LOL !! You are so pure ........Stock trading for fast profit is like Vegas only more crooked and without pretty girls bringing you drinks.

    I'm happy for those here who didn't jump in and get burned. Smart PRFers . ...... Some may have but aren't talkin' . Oh well they should know better and bought boat parts .

    The system is rigged and insiders win... There are a bunch of stories popping up now about this Facebook IPO fiasco...Wall Street cannot be trusted....
    Last edited by zombie; 05-22-2012 at 05:01 PM.

  15. #14
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    Quote Originally Posted by zombie View Post
    LOL !! You are so pure ........Stock trading for fast profit is like Vegas only more crooked and without pretty girls bringing you drinks.

    I'm happy for those here who didn't jump in and get burned. Smart PRFers . ...... Some may have but aren't talkin' . Oh well they should know better and bought boat parts .

    The system is rigged and insiders win... There are a bunch of stories popping up now about this Facebook IPO fiasco...Wall Street cannot be trusted....
    Man, you really are out of touch with the real world.

    Dreaming about fast success is just that, dreaming.
    Where did I ever say anything about stocks?
    "Investment" isn't always in the stock market, Z, there are lots of ways to make a little bit of money into a little bit more money.
    I'm sorry you didn't know how to apply yourself, or apply your money.
    It takes about 2 years on average to see any profit on the investments I have made, sometimes less, and there are NO guarantees they will pay for more than that.

    Fast, Vegas profit is NOT how you do it,Z.
    What is it that makes you think that?
    Tommy
    Quote Originally Posted by Rexone View Post
    Tommy please remove all Jimsplace quotes from your sig and don't put more back. He doesn't like it and it is against the rules. Thank you.
    "So as through a glass, and darkly
    The age long strife I see
    Where I fought in many guises,
    Many names, but always me."

    Gen. George S Patton

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