Meta Undervalued Buying Opportunity

about 1 month ago

Corey

"Looking at Meta, it has been beat up. The only reason why Meta missed 84% on this earnings is because of the tax hit that they opted to take at a discounted rate. You make a lot of money, you pay a lot of taxes. When you look at this, one thing we know about a a good company, Meta is a good company. And one thing we know is that when a company is beat up really, really bad is the time to buy it. Right now is a buying opportunity. Tom Lee has said it. Everyone has said this about Meta. Now is a buying opportunity. Bouncing on the 609 range on this chart and 631 a lot. It's been bouncing right here at the top of 609 and 600."

Meta has been heavily beaten down due to a discounted tax hit on its earnings, presenting a compelling buying opportunity according to the speaker. He highlights that strong companies like Meta, when severely undervalued, offer robust support levels (around 609-631), suggesting a rebound potential.

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