By Stone Fox Capital: While anybody following past articles knows that Stone Fox Capital has been extremely negative regarding the business model and valuation of Facebook ( FB ) , the ultimate pairs trade might be going long Baidu, Inc. ( BIDU ). The leading Chinese language internet search ...
Morningstar's Rick Summer sees Facebook and Google dominating the Internet advertising market as Facebook finds better ways to monetize its massive user base.
It will be a volatile ride, but Facebook's strong competitive advantages and growth opportunities could be the recipe for a hefty valuation, says Morningstar's Rick Summer.