$Meta Platforms, Inc.(FB)$The fundamentals are still healthy in spite of its critics. The critics are dead wrong because you can't argue with facts and figures. In three years the company more than doubled its revenues. Net income quadrupled in four years to $40 billion. All this and the P/E is barely 20 and price-to-sales under 9. To the untrained eye, the stock is too high. But in reality, the rapid business growth more than kept up with the stock price.
My conclusion today is that this is a good place to hold shares. Initiating new positions would also make sense, but not all in. The indices are near record levels, so I should taper my conviction level on purpose. The next time public opinion goes against it investors should look for better entry points.
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