The stuff’s really not good for you.

Grant’s Current Yield Podcast

Grant's Financial Publishing, INc.

Investing, Business, Stockmarkets, Financeexpertjimgrantoninvestment, Realestatefederalreserve, News, Business News

4.6 • 693 Ratings

🗓️ 28 March 2018

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Jim, Evan and Phil revisit Grant’s 2017 bearish analysis of Facebook, with historical analog.

2:05 “Sell #Coke” 1996

6:06 Paul Fusselll and #human folly

10:41 Where do we stand now?

Subscribe to Grant’s Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, welcome to Grant's interest rate observer of the air.
0:10.1	I am Jim Grant, and with me today as his customer, Eric Whitehead at the Dials, and Phil Grant,
0:16.6	the editor of Almost Daily Grants, your indispensable daily guide to goings-on in finance, and directly
0:22.2	opposite on this shiny, very high-price table, is the great Evan Lorenz deputy editor of
0:27.9	grants interest rate observer. We are brought to you today by grants interest rate observer. I forgot
0:31.6	to mention it. An accountable omission. Evan, what is less tasteful on Wall Street than an end-zone
0:36.8	dance? Can you name one thing? I'm Mark Zuckerberg, I think. No, Evan, what is less tasteful on Wall Street than an end zone dance? Can you name one thing?
0:38.2	Mark Zuckerberg, I think.
0:39.8	No, Evan. The correct answer to that rhetorical question is no. And as a rule, we at Grants do not do
0:45.1	that because, first of all, it's unseemly. Second of all, it's unlucky. And third of all,
0:49.4	opportunities for end zone dancing are not exactly commonplace. But we are going to talk a little bit today about Facebook.
0:56.7	Facebook was the topic of an analysis in Grants August 11th, 2017.
1:02.2	Unassuming and not wholly informative headline concerning Mark Zuckerberg,
1:06.8	there followed a very, very, if I do say so, a very, very nuanced and to be sure, bearish analysis,
1:14.4	Facebook at the time, a very, very unpopular, not to mention unremunerative line of thought.
1:20.3	We'll get around to Facebook in a moment, what we have, Evan, yes, we will.
1:24.2	We had asked the really terrific analyst from Pivotal Research Group. Brian Weiser?
1:30.8	Brian Weiser, yeah. Brian, who would come on, who talked to you and he was very helpful indeed to your work. And he was, was he not the one and only bear?
1:39.0	I believe there were two people who were bearish on Facebook last August, and he was one of only two. There were 47 analysts
1:44.6	covering the stock at the time. So yeah, that is still the case. There's two cell ratings,
1:48.6	one of which is Bryans, and then I believe two holds and 40-something buys. Well, anyway,
1:52.0	we're going to precede our update on Facebook with a look back at a piece that ran in grants
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Grant's Financial Publishing, INc., and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Grant's Financial Publishing, INc. and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.