Meta Platforms ‘ stock is as cheap now as it has ever been since the company’s 2012 initial public offering. After a 32% fall in its shares, to $219, since Feb. 2, when its fourth-quarter earnings surprised investors, Meta Platforms (ticker: FB) now trades for 17 times projected 2022 earnings of $12.59 a share. The only other time that Meta was close to being this inexpensive during its decade as a public company was in late 2018. Read More...
Meta Platforms ‘ stock is as cheap now as it has ever been since the company’s 2012 initial public offering. After a 32% fall in its shares, to $219, since Feb. 2, when its fourth-quarter earnings surprised investors, Meta Platforms (ticker: FB) now trades for 17 times projected 2022 earnings of $12.59 a share. The only other time that Meta was close to being this inexpensive during its decade as a public company was in late 2018.
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