Facebook IPO Is A Buy If You Want To Pay An Exorbitant Price
We heard yesterday that the first sell-side report came out on Facebook. This is unusual as most firms do not issue reports before the IPO. Unsurprisingly, the report, which came from Wedbush Research, had a buy on the stock.
Reports on the company's IPO have also come from Sterne Agee, Evercore Partners and Susquehanna Financial Group.
Most value investors have shied away . . .
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