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'Fast Money' Traders Share Their Thoughts On Facebook

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On CNBC's "Fast Money", Dan Nathan said Facebook, Inc. (NASDAQ: FB) is probably cheap at its current price level. He explained that the stock is trading at 20 times forward earnings and both Instagram and Facebook are growing.

Tim Seymour also finds the stock cheap, but he doesn't think that's the reason to jump in. He thinks it can be defensive in this environment and due to its size he isn't concerned about it in the short run.

Learn from Tim Seymour and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!

Guy Adami thinks the stock is headed lower. He expects it to drop to $162 and he would buy it at that price level.

Posted-In: CNBC Dan Nathan Fast Money Guy Adami Tim SeymourMedia

 

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