Will Facebook stock become a good stock?

[Marshall]

Facebook is trading at 8x book value which is double that of Apple, has some outrageous price to earnings multiple, and Im not convinced that they can execute. Everybody was so happy with last quarter, but they still had an accounting loss of 2 cents per share. Also facebook is so saturated, everybody who can be using it, is already doing so, so it would be absurd to value this like a rapidly growing small cap tech company. Besides, most of the people I know are leaving facebook because of the god awful ads and Instagram because they said they could sell users photos starting january. Using a discounted cash flow model with some price premium for the name the highest I can get is $24 for a fair value target. All in all, too many people own this stock, there are to many other stocks that are much better, the risk is not worth the reward. Invest wisely.