This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Today (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss how the big banks are putting Twitter stock on sale, and whether investors should buy once it hits the market.
Big banks, such as JP Morgan Chase (NYSE: JPM), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS), are now offering big discounts on the fees they charge for selling Twitter stock. The fee rate for Twitter shares is 3.25% – only half of the average fee charge of 6.5%.
But does Twitter stock being on sale make it a good buy?
Watch the video as Fitz-Gerald explains why the banks are discounting, and most importantly, whether investors should take the bait on the Twitter IPO:
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