Every once in a while I can’t resist and look at the senior Black Swan in the market place. Facebook (Nasdaq:FB) So the investors buying today at around $26.23 and a 1222 PE ratio based on trailing 12 months; are they smarter than the investors of yesterday at around $24.75 and a 1221 trailing 12 month PE. Or is it the other way around.
Its close. Really close.
George Gutowski writes from a caveat emptor perspective.