Facebook (FB) Finally Gets Some Love from Wedbush

The financial markets are famous for getting caught up in narratives. It's what happens when things go wrong. Every bubble is based on people repeating the same stories again and again without considering the changing facts. Nowhere is this more true than in the financial press.

One of the most enduring stories in the last couple of weeks has been Facebook Inc (NASDAQ:FB) and its doomed IPO. Maybe it is time for a reexamination before we get carried away. One analysis firm certainly thinks so.

In a new report from Wedbush Equity...