The Not List FB, NFLX, AMZN, LGF
The Not List Facebook NASDAQ:FB, Netflix NASDAQ:NFLX, Amazon NASDAQ:AMZN, Lionsgate Entertainment NYSE:LGF
Here are 4 stocks we are not buying, FB, NFLX, AMZN, LGF, why? because they are over valued by the market, a big fall is building, there is a point where low rates and excess easing cease to underpin the market, and that time is drawing near.
Yes the Dow will recover, and yes in the future it will trade over 15,000, but in the mid term we are headed lower, 12,500 to 10,500 will be the first stop, in that zone I will again update readers on my thinking at the time.
Here are 4 stocks I think will suffer the most from a Dow correction.
Earnings and growth do not justify the current price of Facebook, this one we are already short and it is a great sell when it runs over $31.
This is another one that we are already short, great concept good growth BUT no beef, earnings and assets do not value this company at even $50 a share, any time it breaks $180 sell.
Yes I was long Lionsgate, they dominated distribution of the film industry and to some extent still do, BUT it is way over valued now at 1000s of times earnings, a few hit movies helped the stock over the last year and the stock has been good to us, we began shorting yesterday with a target of $15 and then a review.
Not short AMZN yet but we are looking for an entry, yes it is the biggest online store in the world, yes online shopping is booming, but it is also fragmenting, Amazon does not have one big rival but it has thousands of small ones that will eat away at the bottom line. As for valuations, this one is the king of hype.
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- Shayne Heffernan Dow Jones Target 10,500
March 4, 2013
- The Not List FB, NFLX, AMZN, LGF
February 8, 2013
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January 17, 2013
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Heffernan Capital Management
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Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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