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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: