Cooperman says FANG stock valuations are ‘reasonable’ except for Amazon


The investor confirmed his firm was long Facebook shares and said he had an open order to buy more of the social media company’s stock at the $180 per share level.

He said Facebook can grow its earnings at 20 percent per year and trades around a 20 times this year’s earnings versus the S&P 500’s 5 percent growth and 17 times earnings.

Facebook has “a fortress balance sheet. It doesn’t look expensive to me,” he said.

The investor also recommended AMC Networks.

Cooperman founded Omega Advisors in 1991. The firm has approximately $3.4 billion in assets under management, according to its website.

Source link

Products You May Like

Articles You May Like

Netflix should take a cue from Game of Thrones, ditch binge-watching
China trade dispute drags on; Trump still ‘playing with the bank’s money’
Uber, Lyft, Pinterest IPOs proving private investors suck up the value
Hotshot active fund managers will soon have a way to play the ETF game
Steam game-streaming app debuts on iPhone and iPad, a year after controversy

Leave a Reply

Your email address will not be published. Required fields are marked *