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To: Robert O who wrote (2775)	11/5/2013 11:05:22 AM
From: The Ox	Respond to of 8288

I'm a huge fan of FB (the stock) and think they'll continue to outperform. I also think they're a stock people love to hate and root against. But the bottom line for me is that they've generated revenue and created earnings faster than most expected. They've done nearly everything they set out to do. At each new turn, they've set goals and reached them quicker than expected and I think that's a great reason to like the stock. Now I liked them a whole lot more under $20...grin!! But I think they have the metrics to more than justify the current price. EPS growth should be around 50% this year and next. Next year's eps estimates have jumped from the low 90s to over $1.10 after the last report. I don't think they'll blow away every quarterly report going forward but I do think that over the long haul they'll exceed expectations. If I had a concern it was how fast the stock went from the high 20s to the low 50s. That was a massive move and there will be plenty of people concerned with profit taking each time the stock is under selling pressure. So, I think there's a reason to own the stock at the current price but I'm not sure I want to chase it, that's for sure. Hope that helps! EDIT - I bought them yesterday for a trade....not sure I'll wait for $55 but the timing seemed right and feeling nice and justified this morning!!