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Is It Finally Safe to Buy Facebook?
10 Jul 2012 EDT - CNBC.com
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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.

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