w****n
发帖数: 1737 | 1 from wsj,
"First, the good news, in the words of analyst Rick Summer:
The industry is young, but we are very positive on the prospects for the
company.
Awesome. Now, the bad news:
Still, even good companies should be bought for less than they are worth
.
Our fair value estimate of $27 assumes LinkedIn extends its dominance as
the preferred social-networking site for professionals. We are forecasting
annual revenues to increase 43% during the next five years, as combined reve
nues from hiring solutions and advertising reach more than $1.3 billion. We
are also assuming generally accepted accounting principles operating margins
reach the mid-20s by 2015"
高盛在45$开盘卖掉所有800Kshare, cost大约$5, profit 32M at 2 yrs. 如果留一两天
，profit应该double to 70M.
看来GS的equity desk 和 risk management 还是一致觉得这个linkedin 真正的value没
这么高， risk太大， 估计他们也没料到
市场会这么狂热
呵呵 |
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