E Despite Privacy Issues, Here's Why I Still Like Facebook

My portfolio is up 17.7% since the inception while the S&P 500 is up 13.3%. For 2017 my portfolio is up 7.2% while the market is up 5.2%. Below is a quick glance of my portfolio and how each position is performing. Thank you for reading and I look forward to your comments!

Company

Ticker

% Change
incl. DIV

% of
Portfolio

Facebook, Inc.

(FB)

18.3%

10.0%

AbbVie Inc.

(ABBV)

9.2%

4.0%

Wyndham Worldwide Corporation

(WYN)

7.1%

3.9%

PulteGroup, Inc.

(PHM)

6.1%

3.9%

3M Company

(MMM)

2.1%

3.7%

SEI Investments Company

(SEIC)

0.4%

7.3%

General Electric Company

(GE)

-0.6%

8.9%

O'Reilly Automotive, Inc.

(ORLY)

-1.8%

5.1%

Silver Wheaton Corp.

(SLW)

-2.5%

10.4%

Valero Energy Corporation

(VLO)

-7.0%

3.4%

Gilead Sciences Inc.

(GILD)

-17.2%

18.7%

VFC MAY 19 2017 52.50 PUT

(VFC)

-61.7%

0.2%

Cash

$

 

20.55%

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Disclaimer: This article is in no way a recommendation to buy or sell any stock mentioned. This article is meant to serve as a journal for myself as to the rationale of why I ...

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Comments

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Joe Economy 3 years ago Member's comment

Great article, thanks!

Facebook is a great stock to own because it is a company that is expanding at such a fast rate with virtually no other competitors doing what they do so well.

As long as FB continues to grow in exponentially in users and re-injects cash by investing in buying out smaller companies that complement its own technologies, there will be no stopping the stock.

Currently FB is forecasted to grow at a cracking 45% in the current quarter! I might be wrong but it seems it has $0 debt and total cash of almost $30 bn as of the last 2016 income statement. Perhaps what to look out for next is a stock split? Failing any major privacy or moral mishaps, the stock should continue to grow.

If you have a teenage kid, chances are he or she is spending a majority of their time on FB when using a smartphone. For better or worse.