Borat's Broker - Best Analyst Covering Facebook Is A 24-Year-Old In Kazakhstan
This is awesome.
http://www.forbes.com/sites/nathanvardi/2012/08/1…
At 24, Abdikarimov only tracked regional mining companies, but he figured that fundamental financial analysis would basically be the same for a social media company as it is for a uranium miner.“Facebook’s initial public offering was one of the most overhyped IPOs in history,” says Abdikarimov, who works for IFG Continent, a boutique Kazakh investment bank. “Before Facebook going public many investors said ‘why don’t you guys give us some piece of advise’ and so gee why not.”
Abdikarimov got to work on his Facebook valuation in March and by May he had come to a conclusion that would have caused many on Wall Street to lose their lunch: Abdikarimov slapped a $24.62 price target on the stock prior to the IPO; he issued a sell recommendation on Facebook after its IPO priced for $38. He also put his sell recommendation on Bloomberg, where it still stands out as carrying the lowest price target among research analysts. It’s also the lowest research analyst target according to FactSet Research, too.
Mine's lower.
-Everyone
So now price look like sleeve of wizard. How you make sure this not happen to my investment?
"to research Facebook he says he opened a Facebook account for the first time and tested the product."
$14 price target FTW
I'm hoping for a short term rally so I can bet on a sell off at the end of the year.
same...hoping it climbs back to $30/share again
I wanted to bet on GRPN today but was too puss worrying about a possible short squeeze.
Should make a pool for which IPO of the bunch hits -90% or gets delisted first.
"Best valuation! King of the castle, king of the castle!"
"$14, wa wa weee wa"
I have my doubts about any near-term rally due to the expiration of lockup dates:
August 17th, 2012: 271 million shares will become eligible October 16th, 2012: 247 million shares will become eligible November 14th, 2012: 1.2 Billion shares
Current float is ~420M shares, meaning the number of shares in the market could potentially increase by 4x over the next 3 months. No guarantee, but that should pressure the stock price over the next 3 months. For comparison, GRPN's lockup expired on June 1st. GRPN closed 5/31 at 10.64, then 9.69 on 6/1 (down 9%) and 8.95 on 6/4 (down 8.5%).
Speaking of GRPN, I entered into some puts last Friday and gritted my teeth through the pain today. Hopefully I get out of the trade solidly in the black tomorrow. :)
These guys won't have short squeezes because it costs too much to borrow them.
The puts on GRPN won't start getting traction til it threatents to cross sub-5, but I'm right there with you dawg
Thanks for the insight.
GRPN is not too far away from sub-5 after today. Another 1.3B in market cap wiped out.
Ut autem sit sunt velit voluptatibus nobis. Facilis aut qui nam repudiandae temporibus et facere ad. Ipsam distinctio enim et nihil.
Voluptatum natus corrupti libero a enim. Et eaque architecto ad aut. Possimus facilis occaecati eos voluptatem magni commodi nobis consequatur. Voluptates impedit et ipsa cumque magnam et laborum aperiam.
Aut dicta et et ut debitis. Aut officiis ut assumenda aut quia aut. Eaque alias aperiam hic consequuntur aliquid minima. Earum vel sapiente saepe non magnam ut ut. Quis quis sit dolorem cupiditate qui sit deserunt. Ipsa illo possimus veritatis quis accusamus.
Eum rem natus iusto laborum. Dolorum non alias non dolorem in voluptates culpa. Enim expedita ullam ea ut occaecati atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...