To get a more accurate gauge of fair value, I first needed to revisit my longer term estimates to see where I may have been overly conservative. Revisiting My Estimates and Looking at the Assumptions I caution that given the run today, it is reasonable to assume that in the near term, investors digest their gains and the stock takes a break or gives back some gains - but those with a longer term horizon can still do well. However, I will take a differentiated position and argue that while LinkedIn is clearly not cheap, if one is willing to look longer term, there is still a decent return to be made. Most of the comments I have seen seem to agree that LinkedIn is in a bubble. So what do I think now? Let’s start with the obvious – LinkedIn is clearly expensive in the short term on even more bullish estimates.
see original post’s comments section), I had tried to sketch a value that I felt was conservative / highly defensible. Knowing I was going out on a limb in my original post and that many naysayers would line up to knock me down (i.e. With the tremendous ~109% pop in the stock in its first day of trading, many questioned me on whether we were officially in a bubble. Since my original post on Monday about why I was so bullish on the impending LinkedIn IPO, I saw quite a bit of interest.
0 kommentar(er)
