Famed investor Bill Miller says shares of Facebook Inc. are a relative bargain as the social media giant’s stock has sunk in recent days amid a data scandal. Scott Wapner, host of CNBC’s “Halftime Report,” said Miller told him in an email exchange Wednesday that “this too shall pass” and Facebook shares are “too cheap.” Miller, according to Wapner, noted Facebook’s stock price is currently at 16 times forward earnings. (The profit a company is expected to generate down the line.) Miller, known…
from https://www.bizjournals.com/baltimore/news/2018/03/21/bill-miller-says-facebook-shares-are-too-cheap-as.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/172107365382
No comments:
Post a Comment