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Hearth.com now worth over 4 MILLION dollars!

Post in 'The Inglenook' started by webbie, May 17, 2012.

  1. webbie

    webbie Seasoned Moderator Staff Member

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    Well, as you may know, I enjoy simple mercantile math.

    So, Facebook is going to be worth 100+ billion tomorrow........based on their ad sales of about 3.5 Billion per year. Of course, we are likely to see the value soar from there.....

    Based on that same formula, a web site is worth approx 300X it's yearly ad revenue income, which puts us up into the big numbers.

    Being a nice guy, I'll take only 2 million for it. Save that Facebook money you were gonna put toward the IPO and get something at 1/2 the price (or double the value!).

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  2. fossil

    fossil Accidental Moderator Staff Member

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    Wow, my employee stock options must be going through the roof! :p
    ScotO and tfdchief like this.
  3. jimbom

    jimbom Combustion Analyzer

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    Ever since I told the boys I wanted to get on Tweetbook, there has been some ridicule of my computer savvy. My goal in life is to keep up with the trailing edge of technology. The old man is good for some things. The oldest called me tonight for advice on a services contractor that is failing to perform. Computers don't solve all the problems.
  4. fossil

    fossil Accidental Moderator Staff Member

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    Nope, they don't. For everything else, there's the shillelagh. >>
  5. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    Facebook worth billions while wikipedia that actually provides information is always one day away from going under.
    ScotO and firebroad like this.
  6. fossil

    fossil Accidental Moderator Staff Member

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    Yeah, makes no sense. "Worth" is a really squirrely concept. Wonder how Wiktionary defines it...
  7. Jags

    Jags Moderate Moderator Staff Member

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    Its the same logic for "Wheel of Fortune" winners taking home tens of thousands and "Jeopardy" winners taking home far less.

    I'll take "Famous tax evasions" for 600.
  8. billb3

    billb3 Minister of Fire

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    Move to R.I. , hire a coupla people and maybe the Governator will hand you 5 million.

    :)
    Dtunes likes this.
  9. webbie

    webbie Seasoned Moderator Staff Member

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    Another sports guy ripping us all off. Billion dollar stadiums and 50 million dollar loans!
  10. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    About noon Monday will be a great time to start shorting Facebook.
  11. Jags

    Jags Moderate Moderator Staff Member

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    That is when the hangover headache is gonna really start pounding.
  12. Jack Straw

    Jack Straw Minister of Fire

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    Should I sell my CompuServe shares now?;lol And If you ask me hearth.com is priceless()
  13. Jags

    Jags Moderate Moderator Staff Member

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    Sell them to me and will put them right next to my McLeod shares.
  14. Dtunes

    Dtunes New Member

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    I wouldn't short it. Facebook is really a data collection co not a social networking site. They still havent found the best way to capitalize on it, but i see a lot of potential. Granted the netzins are a fickle bunch, but i dont think theyll suffer the same fate as myspace. I might have bought in if I wasnt prevented from participating in ipos by my compliance dept.

    I think you could do well holding shares for 1-5 years, but who really knows.
  15. webbie

    webbie Seasoned Moderator Staff Member

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    Yeah, I wouldn't short it. Best bet is just to stay away.

    Never underestimate the ability of the brokerages to pump stuff up....if it goes down, they will release reports with a higher target and call it a buy.

    The whole thing is a joke. But it still could go up for years.....just due to all the insiders and brokerages who need for it to be high until their year or other holding periods expire.
  16. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    The underwriters pumped in a chunk of change to defend the initial price. Standard procedure when one comes out of the gate limping. Next week will tell the tale. I still cannot see investing in something with no underlying assets other than the gleam in somebody's eye.

    I don't think I would Friend this one.
  17. Delta-T

    Delta-T Minister of Fire

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    I was sorta shocked about all the "broo-ha-ha" considering just days ago GM pulled out of their ad campaign siting that the ads "did not work". If I understand correctly, that is how Facefriend supposedly makes money, by advertising, no? So if one of the worlds largest advertiser-ing entities says "your stuff don't work" you'd think that might mean something to other people. I was equally blown away by the Instagram purchase for $1 zillion. Its not really that great of an app. Its not like it folds laundry. Sheep are so easily herded. I suppose now FB is "too big to fail"..."We cannot let them go under, millions of people rely on FB to give them a place to cast aspersions on their co-workers".
  18. webbie

    webbie Seasoned Moderator Staff Member

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    So many of these things like instagram and pinterest are just picking off users from using one form of a social media - to another. I am firmly convinced that we only have the capacity to do a few things.....that is, you can't be super active with a number of apps and web sites......maybe 2, maybe 6, but not 40.
  19. PapaDave

    PapaDave Minister of Fire

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    "Facebook is really a data collection co not in the guise of a social networking site"
    There, I like that better. Yours was good too, Dtunes.;)
    It's really not a new concept, just a different implementation.
    Delta-T, it's sheeple dang it. We're all herded in some way or another. Or, Pied Piper-ed, or carrot on a stick-ed.
  20. begreen

    begreen Mooderator Staff Member

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  21. bogydave

    bogydave Minister of Fire

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    One of the newly made $ billionares, co-founder Saverin, took his money out the US to Singapore. Less taxes.
    May end up being a good move for him. New taxes on everyone coming soon.

    As for an investment with my money, facebook is not on my list.
    Maybe like BB said, short it.
  22. StihlHead

    StihlHead Guest

    Too late! Friday at $45 was the time to short it. It closed all of 23 cents above the overpriced IPO of $38. Word is that they wanna dump a lot more of this stock on the market so the price is not gonna soar any time soon. Also the lockup period will end in 90 more days when large holders can sell.

    Amusing that they have an instant market cap of about the size of Oracle, Intel or Qualcomm, and a P/E of 88 (cough). I mean, is FB the same as INTC? Methinks not. Rather rich at this price. I would say short it through the lockup period plus a few weeks.

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