Thursday, February 3, 2022
Been wondering when this would happen:
When you own shares of evil and the stock price crashes, you don't feel much pain. Shoot, I may buy more shares soon the price is so low. Here's the thing about Facebook, or Meta, or whatever you want to call it. It generates tons and tons and tons of money. Even with Apple issues and user drop off, it's still making billions of dollars annually. Until that changes, I'm not selling anything, and in fact, adding more shares to the portfolio. I think the PE is at 17 or somewhere around there. 17. The S&P is near 30. It's the cash cow everyone loves to hate, including me, but like all other cash cows, whenever you have a company that continues to print money, people tend to forget about the evilness over time and get back to the one thing that matters most...the numbers.
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