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Apologies to all the casual investors who were looking for the quick buy/sell on Facebook during those initial days of the IPO. There’s more bad news for your ailing portfolio. This week’s cover story on Barron’s, “Facebook is worth $15″.
The rational was nothing spectacularly new, with the publication citing Facebook’s unwarranted PE ratio. But what did catch many people’s eyes was Barron’s mention of Facebook’s continued restricted stock units offerings. Apparently the most concerning instance is the 1.5 billion in restricted shares issued to Facebook engineers.
Big props to Barron’s, who never bought into the pre-IPO hype like the rest of us.
