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Google Stock Breaks $600 Barrier
engine

WebmasterWorld Administrator engine us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month Best Post Of The Month



 
Msg#: 3472624 posted 11:32 am on Oct 9, 2007 (gmt 0)

We asked on Sep. 21, 2007 if Goog Stock [webmasterworld.com] would exceed $600 when it was at $560.55

In the latest reminder of the immense wealth created since Google went public in August 2004, shares in Internet giant surpassed $600 in Nasdaq trading on Monday, joining Warren Buffett’s Berkshire Hathaway among the six stocks that top that mark.

The stock advanced $15.57 to close at $609.62 on the Nasdaq Stock Market, 11 months after it topped $500. The company’s founders, Sergey Brin and Larry Page, who each owned about 9 percent of Google as of March 1, have seen the value of their holdings climb to more than $17 billion each since the company first sold shares to the public in 2004.

Google Stock Breaks $600 Barrier [dealbook.blogs.nytimes.com]

 

menial

5+ Year Member



 
Msg#: 3472624 posted 10:16 pm on Oct 9, 2007 (gmt 0)

Technically it didn't go up that much. The US dollar went down.

carguy84

WebmasterWorld Senior Member 5+ Year Member



 
Msg#: 3472624 posted 10:24 pm on Oct 9, 2007 (gmt 0)

Time to short it!

amznVibe

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 3472624 posted 3:47 am on Oct 10, 2007 (gmt 0)

I don't know much about stocks but don't companies
tend to split stocks when it climbs that high?

potentialgeek

WebmasterWorld Senior Member 5+ Year Member



 
Msg#: 3472624 posted 5:48 am on Oct 10, 2007 (gmt 0)

When's the correction? G's honeymoon is ridiculous.

p/g

BigAdventure

5+ Year Member



 
Msg#: 3472624 posted 1:32 pm on Oct 10, 2007 (gmt 0)


Does anyone know what that stock price is as a multiple of next years projected earnings?

SEOMike

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 3472624 posted 1:34 pm on Oct 10, 2007 (gmt 0)

9% = $17 billion. Sheesh.

goodroi

WebmasterWorld Administrator goodroi us a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month



 
Msg#: 3472624 posted 2:07 pm on Oct 10, 2007 (gmt 0)

Let's think about this. $600 a share and a market cap of almost $200 billion sounds crazy. But Google is very profitable. They have a commanding market share on internet searches and show no signs of weakening. They just started their biggest quarter which includes the holiday shopping season.

Historically the Google spam team has made significant changes to their algorithm right before the holiday shopping season. Which innocently enough forces people with websites that the new algorithms dislike to significantly increase their adwords spend or miss out on the holiday sales (which for many retailers is not an option).

Recently Google has increased its saber rattling against websites that advertise online with paid text links. If Google were to implement a "quality update" in the next few weeks it should significantly improve the their "stock price quality".

Is their stock price crazy? IMHO yes, but I expect it to get even higher.

np2003

10+ Year Member



 
Msg#: 3472624 posted 5:01 pm on Oct 10, 2007 (gmt 0)

ahh well, GOOG's only about 80billion behind Microsoft in market cap, it'll get there when it cost us $200/click.

MisterT

5+ Year Member



 
Msg#: 3472624 posted 8:02 am on Oct 13, 2007 (gmt 0)

Sometimes the strategy is to avoid stock splits.

Berkshire is a perfect example. Check the price for "brk.a"

amznVibe

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 3472624 posted 8:11 am on Oct 13, 2007 (gmt 0)

So now near $640 [finance.google.com]. How long until $700? Any bets?

I guess the real question is can it crash as quickly as it climbed?

[edited by: amznVibe at 8:11 am (utc) on Oct. 13, 2007]

Sharpseo

5+ Year Member



 
Msg#: 3472624 posted 8:42 pm on Oct 15, 2007 (gmt 0)

Doesn't look overvalued at all to me, I'm not selling my meager Google holdings. Forward P/E is 31, extremely reasonable. They have TONS of room to grow, both domestically and internationally.

PPC spending will keep increasing for the forseeable future. Google's in a very sweet spot: great business model, growing industry, good management, generating tons of cash at an envious profit margin %.

Plus they have the potential to steal market share in the software industry from Microsoft. MSN stealing market share from them in search seems extremely unlikely at this point. Throw in the possibility of getting into the cell-phone market in some regard, plus tons of other side-projects of which a few will probably make it big, and looks good to me.

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