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Will Google come up empty? CNN Article conor
NEW YORK (CNN/Money) - The more Wall Street is learning about Google's quirky IPO, the less attractive the shares are starting to look.
For example, should Google really be worth $36.2 billion? Well, if the search engine giant, which unveiled pricing details and its ticker symbol (GOOG) Monday morning, begins trading at the upper end of its range, then that would be its market value.
CNN/Money has a business relationship with Overture Services, a subsidiary of Yahoo!
The relationship is probably for those PPC links in the article.
CNN is owned by Time Warner.
At a p/e ratio of 329 - with a company with high profit margins like google - that price is a steal - and not for investors.
The auction is fair - supply and demand, but people stand just as much - if not more of a chance of getting hurt on this as making money.
Tulip Bulbs, Housing, Google - doesn't matter what it is - when every loves it - good things happen for a while - and then....