Saturday, December 17, 2022

Buying Meta

 I bought a small stake in Meta recently at $118. 

The thesis is that 

1) Meta has stable ad business from Facebook and Instragram that are cash-cows

2) In medium term, there are more monetisation avenues from Reels and Whatsapp biz messaging

3) Meta is a cheap way to gain exposure to Metaverse. If Metaverse fails, sure you lose out on the cashflow invested in Metaverse but Meta's existing business Facebook/Instragram/Whatsapp will still be around

I missed buying at the lows of $90+, as I am not sure of my thoughts on Meta then. By the time I concluded (3), Meta is around $110-$120+ level. 


-
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

2024 Review 3: Returns

 1) Total Asset Growth Total asset growth is 25% this year, mainly boosted by equity returns. As I stopped working in 2023, there is no wage...

  • Mad Selling in a Over-Cautious Mood
    Well, I guess I may have done it again. I may have succumbed to the falling market and my over-cautious mood last week. I have sold C&G,...
  • Ex-post answers
    Here, I shall provide answers to two issues I have raised two years ago. First, in my Dec 2007 book review, I have asked given the similarit...
  • A Perfect Storm
    Looking at the STI over the past few trading days, it certainly seems to be a perfect storm with YTD losses of around 8%. As Buffett has sai...