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Meta CDR (CAD Hedged)
Symbol META
Shares Issued 25,550,000
Close 2026-09-18 C$ 35.28
Market Cap C$ 901,404,000
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Globe says Harris betting on "cheap" Meta

2026-09-21 09:09 ET - In the News

The Globe and Mail reports in its Saturday, Sept. 19, edition that Meta is the technology company behind Facebook and Instagram. The Globe's Brenda Bouw writes that Meta is a stock Harris Douglas Asset Management manager Paul Harris bought in August, 2025, and added to in February. Mr. Harris says he saw a huge disconnect in the stock: Meta's earnings per share grew 22 per cent in fiscal 2025 and are expected to grow 10.6 per cent in 2026. Also, revenue is expected to grow by 26.5 per cent for fiscal 2026. Yet, the stock is down about 12 per cent over the past year. Meta trades at 17 times 2027 earnings, while the S&P 500 is trading at 22 times, so it is trading at a substantial discount. Mr. Harris says: "The risk is the lawsuits that may continue to overhang the stock, but I think the company will settle out of court or appeal, which will push out any settlement for years. The bigger risk is the AI build-out: Meta doesn't have a cloud business, and its costs are higher than other hyperscalers. I think the stock is cheap because of all these issues."

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