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Why Facebook is cheap: Garnry
Saxo Bank head of equity strategy Peter Garnry says that Facebook is the cheapest growth stock in the US equity market.
Garnry says that the company's revenue is growing by 50% year-on-year and the its operating margin is expanding every quarter.
Peter Garnry thinks that video and Instagram feeds, along with Messenger and Whatsapp, are propelling growth further.
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Tags: cash flow, equity, facebook, facebook revenue, facebook shares, facebook stock, garnry, instagram, messenger, peter garnry, saxo bank, saxotradergo, stocks, tradingfloor.com, whatsapp
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