By Paul Losch
About this blog: I was a "corporate brat" growing up and lived in different parts of the country, ending in Houston, Texas for high school. After attending college at UC Davis, and getting an MBA at Harvard, I embarked on a marketing career, mai...
(More)About this blog: I was a "corporate brat" growing up and lived in different parts of the country, ending in Houston, Texas for high school. After attending college at UC Davis, and getting an MBA at Harvard, I embarked on a marketing career, mainly in the Bay Area with different companies. My former wife went back to medical school after we had been married a few years, and we moved into married student housing at Stanford, had our two now adult children while she was a medical student, and moved into Palo Alto when she started her Residency. Been here ever since. As my kids were going through the Palo Alto schools, I was actively involved in their activities, most notably head umpire for Palo Alto Little League and 9 years as a member of the Parks and Recreation Commission, among other activities. My kids both are grown, my son teaches 5th grade locally, and my daughter, fluent in Mandarin, is working in China. I sold the business I owned and ran for 8 years in 2012, worked on the Obama campaign, and am consulting for non-profit organizations, which gives me a nice, flexible schedule. Lots of stamps in my passport, and for fun, I like live performances &emdash; theater and music - and of course the Giants!
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I admit I don't entirely get Facebook.
Some of it is generational, some of it is how I choose to use my time, some of it is a matter of personal privacy, and likely some other things where Facebook and I just don't "like" each other. Thumbs sideways.
I am not surprised that the stock price at its IPO has plunged since then.
It is a fine company, and has provided people around the world to make things happen that have changed their lives.
Let's face it though. It is a media/entertainment company. Cutting edge, forward thinking, and changing things like Disney did way back when. Great to have its idealism in its culture.
As a stock buy? I don't think so. It is a viable company, but the current valuation is over the top. I am not a financial analyst, but I will predict Facebook stock will drop to the "teen's" fairly soon.
Wish I had shorted it.
