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Wednesday, 01 August 2012 16:33

Facebook's stock sinks, so who should buy it?

NEW YORK - Investors are dumping Facebook's stock, spooked by slowing revenue growth, the lack of a financial outlook and plans to spend more money in the coming months.

Are they right?

Only if they are thinking in the short term. Investors can expect Facebook's stock to be volatile for a few years. But analysts say those willing to wait will likely be rewarded someday.

'I view it as a tomorrow stock,' says Christian Bertelsen, chief investment officer at wealth management firm Global Financial Private Capital.

Published in Tekk

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