A common name for a company that is really under fire right now by the government and is subject to potential regulation. However, our clubs feel that the company is in a good place for a discount stock purchase. Therefore we will begin 2019 with this as our first holding.
Its sales is at 51% over the last five years. Its earnings per share are at 74% and it pays no dividend. It is ahead of its industry where it really stands alone. It started with huge debt five years ago but it is for the last three years debt free. At $133 it is below the buy zone of $156 to $225. It is a buy.
It is down now because of the political atmosphere. It is also shifting from a younger user base to older yet the young group is moving to Instagram that is also owned by Facebook.
investor.fb.com
Check out investor relations on the Facebook web site.
We will purchase 100 shares at $133 so cost basis is $13,300. That is our start for 2019
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