Meta - Never was a fan .... until now !!!! (Patreon)
Content
Hi Team
Meta just got hit hard in after hours. Yes, earnings missed 2 qtrs in a row but the value now is compelling. Even though I do not like the company there comes a time when every stock has a price both to buy and to sell at. If I see it at $105 in the morning I will nibble. Current Price
Stock has not been this low in nearly 7 YEARS!
Some numbers from earnings just now:
- REV. $27.71B, EST. $27.41B - this is a beat!
- EPS $1.64, EST. $1.89 - this is a miss
- AD REV. $27.24B, EST. $26.86B
- FACEBOOK DAILY ACTIVE USERS 1.98B, EST. 1.86B
- SEES 4Q REV. $30B TO $32.5B, EST. $32.2B
They will spin off $10 a share next year at least - so once we go risk on I see this stick going back to 160-180. PEG Ratio is 1.11 which is awesome.
Adv industry has ground to a halt and META are beating. Pretty darn impressive.