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Firsthand Capital Management CIO Kevin Landis on the outlook for Facebook and LinkedIn.
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Kevin Landis though we do have linked in earnings coming.
And if you -- our among a dwindling group by imagine of FaceBook supporters do you think that FaceBook.
Eventually is gonna come roaring right back.
Do you think that Linkedin will be a part of that and -- like got to ask are you buying say if you believe in FaceBook are you buying it at these low levels right now.
Well we already have a pretty good sized position their it's it's the number one position in our.
In our clothes and tech value fund.
But we've nibbled away at it in in our other funds and we may we can't go back in and and by a little bit more here.
The thing to remember with FaceBook is there's lots of times there's not some great competitor breathing down their neck that's going to drive them out of business -- kind of unseat them within the next two -- three quarters if they don't get it together.
They're profitable they're growing they're hitting all the metrics and they're just not blowing things away and -- like some people hoped.
And that's something investors were -- -- very wary you know heading into this report tonight.
Stocks sold off it's up 47%.
So far this year it's tough the fat and that it would be -- -- -- such lofty levels considered where it's come from the netted just IPO last year but.
It's still a -- OK -- now talking about Lincoln right right.
For -- and you know we we don't have a position in -- today but I I really love the company we just never really got a great entry point on and if you call the chart you'll see that.
You know it was a fairly hot IPO and had to backtrack a little bit now it's come back so.
The way I look at link then.
You can get a for a little under a hundred dollars a share.
Today for what's basically a company that's a year further along in its progress.
Which is very good progress.
Not too different from what you would have paid last year so it's becoming a more and more attractive value.
And I think the thing to remember with with Linkedin is that.
It's it's got some of the same attributes of the FaceBook it's got a really deep Reza war of information and everybody has a good reason to keep their information up today.
Particularly you have an extra reason which -- resonate on on Lincoln.
The difference -- -- that Linkedin is this disruptive force it's changing the way HR departments operate and that's the real cash cow for Lincoln it's not.
That the users going on there and clicking on ads or paying for -- 120 bucks for premium subscription or something like that -- CHR professionals who realize.
This is now -- must have tool.
I think the comparison that got made -- it would be like trying to be a bond trader.
You know -- terminal.
You just couldn't do it and so for -- That's that's the thing that you have to have it's the tool that you have to have these days it for now -- A big charter now until I go look -- -- with some -- -- -- competition right Kevin you're gonna.
