Facebook was one of my top 5 stock picks for 2018. See here what i had to say about this company:
As 2018 is coming to an end, we can say that FB stock took a beating. The general sentiment around this stock was off from the beginning of the year, because of negative news regarding FB involvment in various political scandals.
The stock, however, was hit hardest by its reduced growth rate this year, if we compare to what the stock had done in the past.
Short-term investors and day traders have decided to leave the ship, which will be a nice opportunity for long-term investors, such as me and our SI360 portfolio, to grab a few more share at a decent price.
There are not that many companies out there with an amazing balance sheet, solid brand name, and growth potential around 20% (next 5 years) that are trading at a Price-Earnings ratio of +/- 20.
Even if the next few quarters may not be up to the expections of investors still hoping for +40% growth rate, investing long term into this company will eventually provide a much better yield than the market average.
Now may be a nice opportunity to grab some shares of FB at a decent price, and let the financial performance of this company do the trick.
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