[May 25, 2012] Capstone Calls Current 24x EV/EBITDA Multiple On Facebook Unwarranted (FB) Tweet May 25, 2012 (SmarTrend(R) News Watch via COMTEX) -- 5-25-12-According to a note by Capstone, Facebook's (NASDAQ:FB) current 24x estimated 2013 EV/EBITDA multiple "assumes significant growth from new businesses" when Facebook hasn't yet optimized its display business. Capstone went onto to say the premium multiple wasn't warranted until the company is able to improve premium ad products. Capstone also said that it expects investments in mobile weighing on its margins in 2013, but said its credits product was growing as a revenue driver. Capstone initiated the stock with a hold rating, but doesn't give price targets. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]