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News from the Illinois Valley

Facebook….a good stock option?

Posted by wlpo on April 8, 2012

The world-wide social network “Facebook” will likely sell several pieces of itself in a public stock offering in May. Would or should someone in the Ilinois Valley invest? Steve Witek of LPL Financial – heard Saturdays on AM 1220 WLPO – says the I. P. O. or initial public offering will likely be snatched up by big institutional or high net worth clients. If you’re interested in buying….you’ll have to get yours second hand when it begins trading on the NASDAQ. Is it a good investment? Witek says prior examples of this have had mixed results. Longterm, Google was a good investment…but “GROUP ON” started strong and now is trading at only $15 per share. Witek’s office is on First Street in LaSalle.

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