. >> joining to us talk about the investing opportunities in all kinds of media companies, larry haverity, portfolio manager at avelli funds. you have been recommending facebook, do you still feel that way after seeing earnings? >> absolutely. the key statistics are not the earnings. the revenues in the engagement, and the ad revenues grew 43%. google and facebook in the next five years are going to capture all of the incremental growth in global advertising dollars. and you can see google's revenues, facebook's. now the question is how fast is facebook going to convert this revenue to operating cash flow? they didn't get a particularly good grade. only converted around 25%, pretty low since you have a company that doesn't sell anything. they are spending a lot of money in initiatives. ith kind of like amazon. the market is going to give mark a hall pass on showing up for a while and we've seen act one of the movie, collecting the dollars. act two is converting them to a profit and we'll have to see. i think the stock is fairly priced here if it does down, it becomes more attractive and w