Some of his observations:
- Facebook (FB) remains a momentum stock; the herd is piling on.
- He has done four comprehensive valuation efforts on Facebook over the past year and each effort has reached a valuation estimate of $24 and $27 per share
- At today’s price he would not be an investor as it is fairly valued.
- Damadoran also discusses the recent special dividends that companies have been paying and how investors can tell if the dividend is good or bad news.