In the aftermath of Facebook’s botched initial public offering, “Mad Money” host Jim Cramer wondered if it’s finally safe to buy shares of the world’s No. 1 social network.
“We know the Facebook deal was a fiasco of epic proportions — an event that soured regular people on the stock market even worse than the flash crash and for good reason,” Cramer said. “But there’s a price for everything, even the most tarnished merchandise and the stock has come down.”
Cramer noted that Facebook’s stock is currently 6 points below where it came public and 10 points below where it opened on the first day of trading. It's also fair to note that this $31 stock has had a huge rally off its nasty bottom of around $25 a share, he added.Page 1 of 2 | Next Page