Value Line (NASDAQ: VALU) has initiated coverage on Facebook, Inc. in its flagship product, The Value Line Investment Survey
. Beginning Monday, August 13
, Value Line’s analysts are evaluating the performance and business fundamentals of the stock. Facebook operates the world’s leading social networking service. It currently possesses more than 950 million users and generates the bulk of its revenues from advertising and from fees associated with the sale of virtual and digital goods. The company completed its initial public offering in May of 2012. At that time, approximately 421 million shares were sold to the public at an average price of $38 a share. After a brief spurt on the day the stock started trading, the issue sold off in the following weeks. For more information about the particular investment merits of Facebook, subscribers can peruse our full-page research report.
The Value Line Investment Survey, Value Line’s signature publication, is one of the most highly regarded and widely used independent investment research resources. Published weekly, it tracks approximately 1,700 stocks in over 90 industries and ranks those stocks on Timeliness™ and Safety™. It is available both online and in print.
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