From Newsmax:

International investor Jim Rogers says he won't be investing in Facebook during its much-hyped initial public offering widely expected to take place soon.

The stock will likely be too expensive, says Rogers, co-founder of the Quantum Fund with George Soros.

"That kind of stock I don't buy. They are usually very, very expensive. A lot of people like to buy expensive stocks like that, but I do not," Rogers tells CNBC.

Market talk says Facebook will file to go public as early as Wednesday, with the company valued possibly as high as $100 billion, about the same size as McDonald's.

Facebook is picking a good time to go public.

"It's been demonstrated many, many times before that...

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