Poll Position: Is Facebook stock worth the asking price?
Facebook goes public today, listing shares on Nasdaq at $38 apiece; if you want to buy, trading of stock listed as “FB” commences at 11 a.m.
So, do you? Do you want to buy Facebook stock at that price?
On one hand, there is precedent for highly anticipated tech listings that soared and have not (to date) flamed out. Google of course comes to mind: The search-engine company went public in August 2004 at $85, more than doubled in price by year’s end, and has been trading lately in the $600s — more than seven times its IPO price.
Of course, Google has a way to make money, and lots of it. Facebook? Well, the numbers would indicate it’s at least as good a moneymaker as Google was circa 2004. But there was ominous news this week, when GM said it was pulling its paid advertisements on Facebook because it didn’t think they were effective.
At $38 a share, for a market cap of $100 billion-plus, would you buy Facebook stock?
- No (43 Votes)
- Yes (15 Votes)
- I'll leave this to the pros (12 Votes)
Total Voters: 70
Loading ...And $38/share would put Facebook’s market capitalization at more than $100 billion — far bigger than some well-established brands in the tech industry and U.S. business at large. In fact, it probably would make Facebook one of America’s 25 largest publicly traded companies.
Now, I’m no investing pro: I don’t even buy individual stocks, for reasons of a) journalistic ethics and b) the belief I’m not going to outsmart the professionals. So, don’t make any decisions based on this little overview.
Do, however, tell us: Do you think Facebook is worth that kind of money? Would you invest in it at the asking price? That’s this week’s Poll Position. Answer in the nearby poll and the comments thread below.
– By Kyle Wingfield
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124 comments Add your comment
Junior Samples
May 18th, 2012
10:08 am
Nope, just a fad.
AU Liberal in ATL
May 18th, 2012
10:08 am
Journalistic ethics? Yeah, right.
Jefferson
May 18th, 2012
10:09 am
Dividends don’t lie.
commoncents
May 18th, 2012
10:11 am
AU Liberal- have anything to back up your statement?
clyde
May 18th, 2012
10:11 am
I will purchase some Facebook shares.About 500.I will probably regret it.
td
May 18th, 2012
10:17 am
The problem is that it will be hard to get any of the stock at $38. By the time most average folks can buy the stock it will be over $50.
JF McNamara
May 18th, 2012
10:20 am
There’s an easy answer to this question. What are the P/E and P/E/G ratios and how to those compare to like companies?
$38 is a nebulous number that means nothing. It has more to do with the shares outstanding.
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
10:28 am
A bit too flash-in-the-pan for my tastes.
Kyle Wingfield
May 18th, 2012
10:34 am
JF: Like I said, I wasn’t writing a complete overview.
Jefferson
May 18th, 2012
10:39 am
GOP supporters topic of the day =====> money of course, how to get something for nothing.
Truth
May 18th, 2012
10:42 am
New Poll: Was this column by Kyle even worth the time for him to wrote or for you to read? My vote: no on both counts.
Why don’t we talk about something that’s more interesting, like Mitt Romney’s atheism. He doesn’t really believe in God because he believes you’ll be reincarnated to another planet after death. And he has recently developed a man-crush on President Clinton. Any Republican who votes for him has sold his soul to the Devil. (Luke 31:15)
JDW
May 18th, 2012
10:45 am
To much hype in this one. Google is a different model…search vs display. Plus if you look at them $38 for Facebook is more than 20x revenue. Google trades at around 6x.
Kyle Wingfield
May 18th, 2012
10:46 am
Truth (sic): Yes, your hare-brained theories about Mitt Romney are MUCH more interesting…
If that’s what you want to discuss, there are plenty of wacko blogs out there that will suit you much better.
iggy
May 18th, 2012
10:50 am
Im not even on facebook and refuse to be. As net invasion by potential employers, law enforcement continues I would guess some will abandoned FB, and rightly so. Seems the young people love posting their every move on this site. I see no point in it.
Will purchase zero shares of FB…perhaps later one could make a good play.
Truth
May 18th, 2012
10:51 am
Okay, Kyle, prove to me that Romney is a Christian and explain why he has been talking about Clinton every other time he opens his mouth.
Atlanta Thrashers Hockey Fan
May 18th, 2012
10:53 am
Facebook=Feces
Atlanta Spirit Group < Facebook
Atlanta Thrashers Hockey Fan
May 18th, 2012
10:56 am
Facebook & Google make $$$ from stockpiling your personal information and selling it third-parties, without your permission, such as marketing firms, large corporations wanting to brainwash you into buy their garbage goods/services, online media groups, sleaze-bag types working on commission and the Federal Government.
Send them both to The Eternal Lake of Fire where they both belong.
iggy
May 18th, 2012
11:09 am
fb priced at $38 per share. Indicative open $42 per share. Still not trading.
George P. Burdell
May 18th, 2012
11:10 am
It seems to me that all the pieces are in place for this IPO to make a few relatively well-off people richer and a lot of less well-off people poorer. Despite CNBC hyping it as much as possible, I wouldn’t go anywhere near this one unless you just happen to have extra cash laying around that you want to get rid of.
Aquagirl
May 18th, 2012
11:12 am
Why don’t we talk about something that’s more interesting
Oh yeah, a protracted discussion of Kolob would really pull in the hits.
http://www.blogger.com
iggy
May 18th, 2012
11:15 am
A little history. Remember Palm Pilot IPO at $165. PALM moved to around an alltime high of $175/$180 days later then over the next few years or less, crashed and settled in the $20 to $29 range.
WAIT…it get better.
Shortly afterward PALM did a reverse split which I believe was around 1 for 10. LOL!
iggy
May 18th, 2012
11:21 am
Be aware of FB 91 day stock lockup ie dilution.
1961_Xer
May 18th, 2012
11:23 am
Im not even on facebook and refuse to be. As net invasion by potential employers, law enforcement continues I would guess some will abandoned FB, and rightly so. Seems the young people love posting their every move on this site. I see no point in it.
Bingo. I am not on facebook, and I have to restrain my wife from putting every little bit of information about her, me, and our children on FB. Anyone with a small amount of computer skill could find our names, ages, birthplaces, address, telephone number, employers, etc from HER pages, postings and messages. I try to tell here that this is NOT a good idea. Nothing like putting up pictures taken inside our house of kids/events/etc showing all of our belongings, doors, windows, etc., and then announcing to the world that we are going on vacation for a week!
People on reality TV shows have an incentive to let cameras and the public intrude on their lives. I don’t, and I object to Mark Z and the hackers who exploit FB security from profiting off my private life. At some point, folks are going to realize what a bad idea this is… and FB is sunk.
Kyle Wingfield
May 18th, 2012
11:24 am
So far, all FB stock has done is render the Nasdaq paralyzed. You would think we were talking about MSFT…
ByteMe
May 18th, 2012
11:26 am
The problem with their IPO is that the numbers have been hyped beyond logic by the insiders who are cashing out like rats running from a sinking ship.
The biggest problem: they count anyone who clicks a “Like” link on a secondary web site as being an “active user”. You can’t sell ads to those users, so they shouldn’t be included in the counts. The only real active users are those that go to facebook’s own web site. And how many of those click ads on purpose? If they don’t have the revenue and the sustainable growth to back their $10 billion valuation… then run awaaaaay!
Low barrier to entry, no real technology, just lots of hype. Remember MySpace? It’s in the past. This will be too. At some point people will want to re-claim their privacy or they’ll find another site that helps them waste time.
My dollars will get spent on other stocks.
Kyle Wingfield
May 18th, 2012
11:29 am
Btw, I don’t really consider myself a tech nerd — I might be a nerd, but I don’t know quite enough tech to qualify as a “tech nerd” — but this video is hilarious. Stick around long enough to see the look on Bill Gates’ face. Priceless.
iggy
May 18th, 2012
11:30 am
$42.00 open.
ByteMe
May 18th, 2012
11:35 am
Open for 5 minutes and already 101 million shares traded…. geezzzzzzz
King Hardware
May 18th, 2012
11:42 am
Give the market a few days and it will tell you precisely what a share of fb is worth, but there’s no guarantee it will stay at that number.
Kyle Wingfield
May 18th, 2012
11:43 am
ByteMe: Well, if I’d had IPO shares, they darn sure would already have been traded by now
ByteMe
May 18th, 2012
11:46 am
Well, if I’d had IPO shares, they darn sure would already have been traded by now
Exactly. It’s already in the 39’s. This isn’t going to end well for anyone but the founders and the lawyers.
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
11:47 am
The markets used to be a relatively safe way to invest.
No more.
Nothing more than Vegas-style, Wild West gambling now, and a good 25% of the reason why we’re in this economic mess to begin with.
iggy
May 18th, 2012
11:48 am
Ruh Roh George…back to $39.00
iggy
May 18th, 2012
11:49 am
$38.50 range….lol
iggy
May 18th, 2012
11:50 am
Going below open price imminent.
Aquagirl
May 18th, 2012
11:50 am
Nothing like putting up pictures taken inside our house of kids/events/etc showing all of our belongings, doors, windows, etc., and then announcing to the world that we are going on vacation for a week!
One of my FB friends (not real friends) posted incessantly about her upcoming wedding with full details on place, day, and planned honeymoon. I mean, she put that $#!^ on everything, including random comments about the weather.
Sure enough, the follow up post arrived after the big day, proclaiming her joy at now being Mrs. Snuffy Smith, and even the dirtbag who broke into her house during the wedding couldn’t ruin her newfound happiness.
FB is making a lot of people rich, some in not such a good way.
DannyX
May 18th, 2012
11:52 am
“Btw, I don’t really consider myself a tech nerd”
That’s ok Kyle, I think most of us understand, you are a conservative. “The internet is a series of tubes!!!”
Nothing wrong with intelligent, creative liberals dominating the tech field. Here we go again with another start up company dominated by liberals creating another ipo frenzy!
(Btw, I thought all liberals were socialist commies.)
iggy
May 18th, 2012
11:52 am
“Mrs. Snuffy Smith”
LOL!!
iggy
May 18th, 2012
11:59 am
Finn McCool once tried to take his company, FinnBook, public. However, when the bankers/institutions discovered his “business” consisted of selling used coloring and connect-the-dot books he was denied, with extreme prejudiced and forced into bankruptcy.
Aquagirl
May 18th, 2012
12:10 pm
Now the Farmville (ZNGA) people are crashing for some reason.
This is why I don’t play the stock market.
iggy
May 18th, 2012
12:20 pm
ZNGA has halted trading…lol.
Hillbilly D
May 18th, 2012
12:21 pm
I don’t play the stock market. If I was a gambling man, I’d just go to Vegas, where at least they admit the game is rigged in their favor.
Facebook going public looks to me like somebody cashing out at the apex and leaving a lot of suckers holding the bag.
As for being on Facebook, as some of you might have guessed, I have no interest in it. Too damn many people know how to find me already.
Kyle Wingfield
May 18th, 2012
12:24 pm
On another note: What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
12:26 pm
Someone on Fox Business just said that for every $2 Facebook changes, Mark Zuckerburg either loses or gains a Billion bucks in personal wealth.
I wouldn’t want to have HIS blood pressure today.
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
12:29 pm
“On another note: What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?”
He seems like one bitter dude right now.
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
12:32 pm
Jefferson: how to get something for nothing.
———-
Putting your capital at risk to enable businesses to grow, hire, and generate profit is not “nothing”.
Why do libtards hate the productive?
iggy
May 18th, 2012
12:34 pm
“On another note: What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?”
Shameful.
Don
May 18th, 2012
12:36 pm
Not even close to worth it. Look a the P/E or forward P/E. They’d have to grow their earnings 5X in the relatively short term to have a reasonable P/E. This is a fairly mature product, not a start up. That kind of earnings growth just isn’t happening!
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
12:37 pm
Saverin is a naturalized US citizen (or was). Singapore is just the next stop for him.
Hillbilly D
May 18th, 2012
12:37 pm
What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?
If that’s what he wants to do, fine with me but I think they should bar him from ever entering the country again. It’s just a tax avoidance thing. Maybe they could find some way to get him on an IRS beef, like they did with Al Capone. Probably not but I’d do it anyway, just to annoy him.
ByteMe
May 18th, 2012
12:38 pm
What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?
I like that they’re going to enforce the law that’s already on the books to prevent him from ever visiting again. Beyond that, good riddance, Mr. Saverin. We need people who care about this country more than they care about themselves.
Aquagirl
May 18th, 2012
12:39 pm
Shameful
I really don’t see Saverin’s move as that different than retirees moving to Florida. People move to lower their taxes, this guy did it x1000.
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
12:39 pm
It’s unfortunate that taxes in the US are so punitive that we drive folks away. California a prime example; fortunately for the few Americans living there, several much more patriotic states are close by.
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
12:40 pm
“We need people who care about this country more than they care about themselves.”
So we don’t need liberals?
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
12:41 pm
Allowing the government to suck the life out of you is not a patriotic duty.
Hillbilly D
May 18th, 2012
12:44 pm
I really don’t see Saverin’s move as that different than retirees moving to Florida.
Speaking of which, it’s amazing how many folks in North Georgia have a vacation home in Florida and drive around up here all year, on Florida tags. Nobody even tries to hide it.
ByteMe
May 18th, 2012
12:44 pm
BTW, read yesterday where the market valuation for Apple is equal to the market valuation for every publicly traded retail business in this country.
Boggles the mind.
ByteMe
May 18th, 2012
12:45 pm
So we don’t need liberals?
Only significant group standing between where we are now and authoritarianism.
Jefferson
May 18th, 2012
12:46 pm
Most of the money made today will be with other’s money.
ByteMe
May 18th, 2012
12:46 pm
It’s unfortunate that taxes in the US are so punitive that we drive folks away.
And somehow you’re still here. Must mean you’re one of the “takers” instead of one of the “givers”.
ByteMe
May 18th, 2012
12:53 pm
Reuters is already calling it:
Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.
Our ADHD culture… if it doesn’t happen in the first hour, it failed.
Jefferson
May 18th, 2012
12:55 pm
Taxes in the US will be more fair next year.
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
12:55 pm
ByteMe: liberals…Only significant group standing between where we are now and authoritarianism.
——–
Tell it to the former bondholders of Chrysler and GM. Or the poor chaps locked up without due process at Gitmo. Or the voters intimidated by nightstick-wielding thugs who Obozo let off.
ByteMe
May 18th, 2012
12:57 pm
Tell it to the former bondholders of Chrysler and GM.
Yeah, ’cause a real bankruptcy and dissolution of the company would have been better for them
DannyX
May 18th, 2012
12:59 pm
“It’s unfortunate that taxes in the US are so punitive that we drive folks away. California a prime example;”
So did Facebook just relocate their world headquarters to Singapore? Georgia? Or did they stay in California?
Dusty
May 18th, 2012
1:09 pm
Facebook, huh?
Well, I never kept a diary and I surely don’t join in Facebook which is nothing but a public diary. . Why in the world people want to “spill their guts” all over creation is beyond me. Perhaps they have the most creative life style in history. “That” demands public attention. Ahh…if only!
But but but we have a free country and people are free to make uninhibited fools of themselves Such a privilege is too inviting for many to miss.
“A fool and his money are soon parted’. With Facebook, a fool and his privacy are soon parted. It seems his money will soon go too. Invest in Facebook! Make others rich at your risk
ragnar danneskjold
May 18th, 2012
1:27 pm
I heard there is an IPO for pet rocks coming up soon – don’t delay.
Dusty
May 18th, 2012
1:33 pm
So Mr. Saverin left the USA in a huff because the IRS might step on his toes. I mean he tossed his USA citizenship for the clink of many gold coins. Whoopee!
If I had known his feelings,I would have chipped in early on to buy him a one way ticket to Timbuktu or wherever.
Let us repeat a familiar saying. “If you don’t love it, leave it!” Yes! I’m definitely in favor of that effort when it concerns this freedom center that is ours. Hey, hey, USA!
Would someone please raise the flag for me? I’m getting all sniffly!
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
1:47 pm
“Only significant group standing between where we are now and authoritarianism.”
Or freedom. Depends on your perspective of reality.
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
1:48 pm
“Taxes in the US will be more fair next year.”
I’m glad you finally agree with President Romney’s tax plan, Jefferson.
clyde
May 18th, 2012
1:51 pm
I don’t believe I’ll make enough money off Facebook to renounce my citizenship but Florida is a good move taxwise.
td
May 18th, 2012
1:53 pm
I already have a condo in Florida and have already made plans to go there the week after I retire.
Skip
May 18th, 2012
1:57 pm
td pretending he or she has a job, that’s a good one.
Jefferson
May 18th, 2012
2:15 pm
Smug, cute, funny, and non creditable — the GOP mo, T.
Logical Dude
May 18th, 2012
2:21 pm
Kyle: What do y’all make of FB co-founder Eduardo Saverin’s decision to renounce his U.S. citizenship right around the time he was to cash in?
I find it kinda suspicious, and likely a tax thing, but has anyone actually asked him why?
Anyone?
DannyX
May 18th, 2012
2:21 pm
“I heard there is an IPO for pet rocks coming up soon – don’t delay.”
I heard that too. New start up company based in Georgia called “Conservative Technologies.” They also sell tubes.
Kyle Wingfield
May 18th, 2012
2:43 pm
OK, so maybe GM’s dropping its paid ads on Facebook isn’t so big a deal: WSJ now reporting the company won’t advertise during the next Super Bowl, either.
Or maybe the Super Bowl is overhyped, too.
Thomas Heyward jr
May 18th, 2012
2:45 pm
Anyone (not politically connected) investing in the USSA’s stockmarket HAS to have the typical IQ of a Romney/Obama supporter………….or the IQ @ 1:09………spouting “Freeedom”.
.
Zombies……………………all.
.
iggy
May 18th, 2012
3:07 pm
As Steve Austin once so eloquently stated “I cant hold her, she’s braking up (ker-thunk, ker-thunk, ker-thunk, clomp”.
$38.61 and falling.
Dusty
May 18th, 2012
3:17 pm
Thomas Heyward jr @ 2:45
So sorry, Mr. Heyward, that you are such a drag. . Whatsa matter (besides being a liberal)?
Come on! Sing “America the Beautiful.” You need a lift.
^ ^ ^ ^ ^ ^ ^ ^
Grouchy……………………..to the bone
^ ^ ^ ^ ^ ^
iggy
May 18th, 2012
3:19 pm
John Liu, Comptroller NYC is a double talking liar.
iggy
May 18th, 2012
3:20 pm
FB $38.33 LOL!!
iggy
May 18th, 2012
3:24 pm
FB $38.10 LMAO!!
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
3:28 pm
ByteMe: Yeah, ’cause a real bankruptcy and dissolution of the company would have been better for them
———-
Wow, sometimes a blind squirrel DOES find an acorn. You’re now officially not 100% wrong.
iggy
May 18th, 2012
3:31 pm
“Just like Groupon and Zinga, this is a failed IPO”. LMAO!!!
iggy
May 18th, 2012
3:33 pm
FB $38.02 LOL!!
Dusty
May 18th, 2012
3:41 pm
iggy
The Braves made it 7 to 0 last night. What do you think they are offering tonight? (Not an IPO!)
I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...
May 18th, 2012
4:02 pm
Looks like pretty soon you’ll be able to buy millions of FaceBook shares.
I still wouldn’t.
ByteMe
May 18th, 2012
4:03 pm
I forsee a “Look out below” for FB next week. The rats will hit the exits in a hurry now that it’s not jumping to 100 on the first day. Then the lawyers will come out and sue for it being over-hyped and losing money for IPO investors.
All in all, another day of soshulism.
Aquagirl
May 18th, 2012
4:10 pm
FB $38.02 LOL!!
http://www.youtube.com/watch?v=yJxCdh1Ps48
Kyle Wingfield
May 18th, 2012
4:10 pm
ByteMe: The reports that the IPO underwriters had to defend the $38 price around midday and then again toward the close are fascinating. Apparently it was no meager feat. Already reports that the price support disappears Monday…
Tiberius - Banned from Bookman's and proud of it!
May 18th, 2012
4:28 pm
“OK, so maybe GM’s dropping its paid ads on Facebook isn’t so big a deal: WSJ now reporting the company won’t advertise during the next Super Bowl, either.”
Or maybe GM isn’t as “recovered” as we were led to believe, Kyle.
Saw an article yesterday showing the numbers were fudged on car sales – meaning that GM isn’t the #1 car company it claims to once again be.
Jefferson
May 18th, 2012
4:30 pm
It’s the only money, honey.
Kyle Wingfield
May 18th, 2012
4:33 pm
Tib: I wondered about that, too.
Dusty
May 18th, 2012
5:24 pm
Well, at least this blog is doing better than the one over in “business”. They have had only four comments on this subject.
But you might be interested in the protest mobs in Chicago. Seems the “occupiers” have joined disgruntled nurses and those who dislike NATO and are making the usual mess. The business district is slowed with high security and snarled tranportation because of the protestors. Anti-war protestors are also there. These people are keeping the police very busy.
President Obama had better call his old Chicago buddies and tell ‘em to “cool it”. Maybe he already has. The NATO meeting, scheduled for Chicago, has been moved to Camp David. Wonder how that happened?
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
5:26 pm
Truth
May 18th, 2012
10:42 am
New Poll: Was this column by Kyle even worth the time for him to wrote or for you to read? My vote: no on both counts.
Why don’t we talk about something that’s more interesting, like Mitt Romney’s atheism. He doesn’t really believe in God because he believes you’ll be reincarnated to another planet after death. And he has recently developed a man-crush on President Clinton. Any Republican who votes for him has sold his soul to the Devil. (Luke 31:15)
*****************************************************************
The GOP wants to drudge up Rev. Wright but they won’t talk about:
Mitt Romeny’s grandfather, a Mormon had 6 wives
Mitt Romney’s great-great-grandfather was Parley Pratt, a Mormon apostle who
had twelve wives
Mitt Romney agreed with some modest requests from the liberal women’s group Exponent II for changes in the way the Mormon church dealt with women, but clashed with women whom he felt were departing too much from doctrine. In particular, he counseled women not to have abortions except in the rare cases allowed by LDS doctrine, and also in accordance with doctrine, encouraged prospective mothers who were not in successful marriages to give up children for adoption.
mmmmmmmmmmmmmmm
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
5:39 pm
@Tiberius – Banned from Bookman’s and proud of it!
May 18th, 2012
4:28 pm
“OK, so maybe GM’s dropping its paid ads on Facebook isn’t so big a deal: WSJ now reporting the company won’t advertise during the next Super Bowl, either.”
Or maybe GM isn’t as “recovered” as we were led to believe, Kyle.
Saw an article yesterday showing the numbers were fudged on car sales – meaning that GM isn’t the #1 car company it claims to once again be.
**********************************************************
GM recovered ENUFF.
Lil' Barry Bailout (Revised Downward)
May 18th, 2012
5:44 pm
According to the TARP inspector general’s April 25 report, taxpayers have been paid cash and securities worth $50.9 billion on the $79.7 billion extended to General Motors, General Motors Acceptance Corp. (now Ally Financial) and Chrysler. That is a $28.8 billion loss.
http://online.wsj.com/article/SB10001424052702304371504577406470343954432.html?mod=WSJ_Opinion_LEADTop
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
5:50 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
******************************************************************************
“PRESIDENT”.
heeheeheeheeheehee
He wish.
No he could not pick his grandparents BUT HE certainly could REJECT
their beliefs.
(Following the death of Joseph Smith, Jr., Mormon leaders beginning with Brigham Young instituted a policy of excluding most people of black African descent (regardless of actual skin color) from Priesthood ordination and from participation in temple ceremonies.
The first reference in Latter Day Saint writings describing dark skin as a curse. )
MITT WITT IS A KOOK.
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
5:57 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
******************************************************************
Romney chose to wear Mormon underwear.
The garment is directly related to Mormon temples. It is there that faithful members first receive the garment after individual instruction on what it stands for and how it should be cared for. The garment is worn as part of a special ceremony called the temple endowment.
The garment is worn at all times (day and night) by members as a constant reminder of the promises they have made to God in the Temple to be honest and faithful to the commandments of the Lord.
heeheeheeheeheeheeheeheeheeheehee
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
6:02 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
*********************************************
Minister Critical of Romney and ‘Mormon Cult’
Christian minister Bill Keller of LivePrayer.com, who has frequently spoken out on the so-called dangers of voting for presumptive GOP presidential nominee Mitt Romney in this year’s general election due to his Mormon faith.
ROMNEY IS A MEMBER OF A CULT.
heeheeheeheeheeheeheeheeehee
Bruno
May 18th, 2012
6:03 pm
For Brother Hillbilly Deluxe– “I Am Constant” by the CLimax Blues Band:
http://www.youtube.com/watch?v=5f1LPzfHT7o
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
6:12 pm
*************************************************************
YO “PRESIDENT” MITT THE MORMON
“We might not agree with all of the beliefs of any candidate.
However, we must pay attention to the implications of one
enacting their beliefs.”
YOU MIGHT HAVE TO WEAR MORMON UNDERWEAR.
heeheeheeheeheeheeheeheeheeheeheee
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
6:13 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
*************************************************************
YO “PRESIDENT” MITT THE MORMON
“We might not agree with all of the beliefs of any candidate.
However, we must pay attention to the implications of one
enacting their beliefs.”
YOU MIGHT HAVE TO WEAR MORMON UNDERWEAR.
heeheeheeheeheeheeheeheeheeheeheee
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
6:24 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
**************************************************
What MITT THE Mormon Believes:
HE believes in the gift of tongues, prophecy, revelation, visions, healing, interpretation of tongues, and so forth.
GIFT OF TONGUES??????
HE believes that a man must be called of God, by prophecy, and by the laying on of hands by those who are in authority, to preach the Gospel and administer in the ordinances thereof.
LAYING ON HANDS???????
WHOSE TONGUE AND WHOSE HANDS???????
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
6:26 pm
@Lil’ Barry Bailout (Revised Downward)
May 18th, 2012
5:34 pm
President Romney didn’t get to pick his grandparents.
Obozo deliberately chose Rev. Wright and chose to be friends with domestic terrorists who literally wipe their feet on our flag.
************************************************************
People who live in GLASS HOUSES SHOULD NOT THROW STONES.
YOU MIGHT HAVE TO WEAR MORMON UNDERWEAR.
Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
9:34 pm
@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
***************************************************
OKAY RUSTY DUSTY
Your fixation on OBAMA must represent true devotion. Nice that you will VOTE for him. I am too. And every time you post about OBAMA, I am more convinced he WILL STAY IN the White House. Thanks for all your help. You’re a GENTLEMAN and a follower.
heeheeheeheeheeheeheeheeheeheehee
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
9:36 pm
@@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
*****************************************************************
DO YOU WEAR MORMON UNDERWEAR?
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
9:39 pm
@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower
******************************************
Do you speak in TONGUES like MITT WITT?
What do you say when you speak in tongues?
Yabba-Dabba Do?
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
9:54 pm
@@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower
****************************************************************
“IF” MlTT were president IS HE GOING TO PERFORM “the laying on of hands like
his Prophet Joseph Smith? ”
PROPHET JOSEPH SMITH and HIS WIVES.
Emma Hale
Fanny Alger
Lucinda Morgan Harris
Louisa Beaman
Zina Huntington Jacobs
Presendia Huntington Buell
Agnes Coolbrith
Sylvia Sessions Lyon
Mary Rollins Lightner
Patty Bartlett Sessions
Marinda Johnson Hyde
Elizabeth Davis Durfee
Sarah Kingsley Cleveland
Delcena Johnson
Eliza R. Snow
Sarah Ann Whitney
Martha McBride Knight
Ruth Vose Sayers
Flora Ann Woodworth
Emily Dow Partridge
Eliza Maria Partridge
Almera Johnson
Lucy Walker
Sarah Lawrence
Maria Lawrence
Helen Mar Kimball
Hanna Ells
Elvira Cowles Holmes
Rhoda Richards
Desdemona Fullmer
Olive Frost
Melissa Lott
Nancy Winchester
Fanny Young
DATE OF MARRIAGE TO EACH WIFE
Jan 1827
1833
1838
Apr 1841
Oct 1841
Dec 1841
Jan 1842
Feb 1842
Feb 1842
Mar 1842
Apr 1842
Jun 1842
Jun 1842
Jul 1842
Jun 1842
Jul 1842
Aug 1842
Feb 1843
Spring 1843
Mar 1843
Mar 1843
Apr 1843
May 1843
May 1843
May 1843
May 1843
Mid 1843
Jun 1843
Jun 1843
Jul 1843
Mid 1843
Sep 1843
1843
Nov 1843
AGE OF EACH WIFE
22
16
37
26
20
31
33
23
23
47
27
50
53
37
38
17
37
33
16
19
22
30
17
17
19
14
29
29
58
32
27
19
14
56
How many children did he have?
mmmmmmmmmmmmmmmmmm
BIBLIOGRAPHY
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
9:58 pm
@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
**********************************************************
We have had to listen to ALL OF YOU FIXATED ON OBAMA.
Whats good for the goose is good for the gander.
I wonder what MITTS’ MORMON UNDERWEAR LOOKS LIKE?
mmmmmmmmmmmm
Are they as STIFF AS HE IS?
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
10:05 pm
@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
*****************************************************************
IF Mitt becomes PRESIDENT (heaven forbid) will he PASS A LAW
that everyone has to WEAR MORMON UNDERWEAR?
IF Mitt becomes PRESIDENT (heaven forbid) will he PASS A LAW
that everyone can have MORE THAN ONE WIFE/HUSBAND?
mmmmmmmmmmmmmmmmmmmmm
The GOP Can't Handle The Truth About Mitt The Mormon
May 18th, 2012
10:07 pm
@Dusty
May 18th, 2012
7:35 pm
Well, wouldn’t ya know? The hehe monster is loose again. Did you open your cell lock with a bar of soap?
Your fixation on Romney must represent true devotion. Nice that you will vote for him. I am too. And every time you post about him, I am more convinced he’s the man for the White House. Thanks for all your help. You’re a gentleman and a follower.
****************************************************************
IF Mitt becomes PRESIDENT (heaven forbid)
and you have to SPEAK in TONGUES
DON’T BLAME US BLAME YOURSELF.
Tiberius - Banned from Bookman's and proud of it!
May 19th, 2012
1:37 am
Your religious bigotism is duly noted, Trashman.
Lil' Barry Bailout (Unexpectedly Revised Downward...Again)
May 19th, 2012
7:59 am
Poll Position: Is Facebook stock worth the asking price?
——————
Just barely.
And if their plan is to be advertiser-supported, they need to find a better class of advertiser. The crap I see being hawked is of zero interest to me.
The GOP Can't Handle The Truth About Mitt The Mormon
May 19th, 2012
3:02 pm
@Tiberius – Banned from Bookman’s and proud of it!
May 19th, 2012
1:37 am
Your religious bigotism is duly noted, Trashman.
***********************************************************************
YEAH like the religious BIGOTS AGAINST OBAMA BEING A MUSLIM.
THE DOOR SWINGS BOTH WAYS.
HEEHEHEEHEEHEE
IF YOU CAN DISH IT YOU CAN TAKE IT.
The GOP Can't Handle The Truth About Mitt The Mormon
May 19th, 2012
3:05 pm
@Tiberius – Banned from Bookman’s and proud of it!
May 19th, 2012
1:37 am
Your religious bigotism is duly noted, Trashman.
***********************************************************************
AND TO ALL OF THE CONS who say OBAMA is not a CHRISTIAN….
At least he does not WEAR MORMON UNDERWEAR.
At least he is MARRIED TO ONE woman and NOT SIX, SEVEN, ETC.
The GOP Can't Handle The Truth About Mitt The Mormon
May 19th, 2012
3:06 pm
@Tiberius – Banned from Bookman’s and proud of it!
May 19th, 2012
1:37 am
Your religious bigotism is duly noted, Trashman.
***********************************************************************
AND TO ALL OF THE CONS who say OBAMA is not a CHRISTIAN….
At least he does not SPEAK IN TONGUES like MITT THE MORMON.
The GOP Can't Handle The Truth About Mitt The Mormon
May 19th, 2012
3:11 pm
@Tiberius – Banned from Bookman’s and proud of it!
May 19th, 2012
1:37 am
Your religious bigotism is duly noted, Trashman.
***********************************************************************
AND TO ALL OF THE CONS who say OBAMA is not a CHRISTIAN….
At least he is not baptizing DEAD JEWS like the mormons.
Mormons Still Baptizing Dead Jews Despite Agreements to End Practice
The Church of Latter-day Saints MORMONS apologized Tuesday for posthumously baptizing Nazi-hunter Simon Wiesenthal’s parents amidst much Jewish vitriol. But despite more than two decades of negotiations and agreements between the two groups to prevent such baptisms of dead Jews, the practice persists.
MITT BELONGS TO A GROUP OF RELIGIOUS KOOKS.
AND THEY GOT THE NERVE TO TALK ABOUT REV. WRIGHT.
iggy
May 21st, 2012
8:33 am
For those wondering…FaceBook PreMarket
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iggy
May 21st, 2012
9:41 am
fb $35.00 broken…
fb trading $34.32.
OUCH!!!
iggy
May 21st, 2012
9:46 am
fb $33.50. OH MY!