Are You Ready to Give Facebook Inc (FB) a Second Chance?

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As far as value goes, Facebook is still a mighty expensive stock at more than 44 times forward earnings. The 30% gain on Thursday may taper in the coming months, so there is no rush to hit the buy button. Overall, management deserves at least a small pat on the back for proving there is a business behind the hype.

It seems that finally, investors can start taking this stock a bit more seriously, only 15 months after its IPO.

The article Are You Ready to Give Facebook a Second Chance? originally appeared on Fool.com and is written by Michael Lewis.

Fool contributor Michael Lewis has no position in any stocks mentioned. The Motley Fool recommends Facebook. The Motley Fool owns shares of Facebook.

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