FANG Less by 720 Global
The acronym FANG represents what has seemingly become the most popular investment strategy of the last few months. FANG constitutes 4 stocks: Facebook, Amazon, Netflix and Google. These companies are the markets darlings for good reason; since June they are up on average 40%, whereas the S&P 500 is flat over the same period.
Before you rush to buy these gems we thought it would be helpful to review some basic fundamental data in order to clarify exactly what investors are assuming when they purchase these stocks. The analysis in the table below reflects the change in revenue, profit margin or income required for these companies to have the same price to earnings (P/E)...

