Facebook Trading at Discount to IPO Price
Submitted by SC on Tue, 05/22/2012 - 03:38
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The price is right with a nice discount to the IPO price. Sure, the IPO was a little rough around the edges, but it was oversubscribed in a dismal market environment. The more negative reports that surface in the media about the Facebook IPO, the more FB stock is looking interesting. While perhaps it may not be a long term stock pick, it could well be a stock market darling this summer.
Additionally, the stock could benefit from improving overall market conditions into the summer months, and the buzz may soon develop for facebook stock after all!
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