Stocks That Have Underperformed Facebook Since May 17 (FB)
Lifted in toto from
Bespoke Investment Group:
This could be one of the shortest lists we have published this year.
In the table below, we list the Russell 3000 companies that have seen
larger percentage declines than Facebook's (FB) 31.92% drop since the
company priced its IPO on 5/17. As shown, there are only six companies
that have seen a larger decline in percentage terms than Facebook (FB).
Taking a closer look at these six stocks, this is probably not the
company FB intended to keep when it IPOd. Not a single company on the
list had a closing price of more than $2 per share today, and one of the
companies, FriendFinder (FFN), is often described as the 'adult'
version of Facebook (FB). Oh, how the mighty have fallen. Three weeks
ago, many were saying that FB would be among the world's most valuable
companies. Today, the best it can do is make a list of poor performing
penny stocks. At what point do comparisons between Facebook and MySpace
become offensive to MySpace!