Social-media enthusiasts with eyes on the stock market bought into Facebook's initial public offering May 18. Now those who clung to the stock are wondering: When will shares of Facebook climb back to their IPO price of $38 a share?
My answer: About 32 quarters -- or eight years.
I did an analysis August 1, when Facebook closed at $20.88 a share. That's right about where the stock is currently trading. This puts Facebook's price-to-earnings ratio based on the last … Read more