By late afternoon, Facebook shares were off by 3.5%. [...] Credit Suisse cut its price target on the stock to $24 from $34, keeping its rating at neutral.
So, let me see if I get this straight...
Yesterday, Facebook was trading at $20.23 and CS's price target was $34 (i.e., they expected 68% appreciation).
Today, Facebook is trading at $19.45 (3% lower) and CS's price target is $24 (i.e., they expect 23% appreciation).
There are so many logical fallacies contained within those two sentences that I don't even know where to start. Somebody pleaese remind me how these clowns have jobs, let alone the high-paid influential jobs they have.
Wednesday, October 10, 2012
Monday, May 21, 2012
Thursday, May 03, 2012
Spirit Airlines will not survive
Who can possibly imagine that immediately after the Jerry Meekins PR fiasco is the right time to raise carry-on bag fees to a whopping $100? What is the executive management of Spirit smoking? I believe the firm will not survive to the end of the year.
Thursday, January 19, 2012
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