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And yet revenue and profits keep going up........ Sure, they are a "one trick pony", but that darn pony looks like Secretariat.
Except that Secretariat is in court and facing the real possibility of losing to Over's thoroughbred.
I would definetly stay away at 300 P/E. You'd have to be nuts, or have a very short memory.
OTOH, maybe they'll pump up the Nasdaq some, before the shorts violate them.
They have all of these little fun projects like GMail and Google News
While IMHO the stock will be wildly overpriced, I wouldn't call Gmail "little fun project" unless, of course, you consider Yahoo! mail and hotmail just fun little projects too. G has made clear how they are going to make revenue from this.
those were times!
The dutch auction thing is fine and all the different things Google is doing to be Google, I just find it rather limited or off-putting for one of the real international search engines to limit the IPO, or basic IPO info, to the US only...
We have not undertaken any efforts to qualify this offering for offers to individual investors in any jurisdiction outside of the United States..
I guess you can probably bid from outside the US by going through Morgan Stanley or CSFB but the above is not exactly inviting for the non US..
Cheap? Expensive? Just right?
/feeling like I should have worked a reference to three bears in this post.
As an SEO with a past being bonded with Ag Edwards & Sons Securities and a top 5 main SEO keyword term ranking 1st page I say 36 billion is way to rich.
I suspect a more realistic price to be 1/2 of what Yahoo! can do as a whole so I say if anything 18 Billion is realistic.
This tells me that after the open if the savvy agree with me the stock could see-saw 50% below the open price if it does open at $108.00 +/- /share.
So my target is $70.00 or less.
Business Week News: Google This: Investor Beware
The Web search outfit's business is terrific, but its long-term outlook is cloudy.
In the early days using an old fashioned style keyboard you would ask Googlebot to find a list of places you could eat that evening, instead of offering you a full list of exotic food sources along with a selection of fine wine it would return pictures of people's feet.
Although at the time it was not good for finding a list of restuarants, it did help people diet more effectively.
People would blame Google's algo, Google would blame Spammers, Spammers had the most advanced techology for finding peoples email addresses. Speculation on who had the better technology even made it's way into the betting shops. Back in the year 2004 the question everyone asked was who's technology was more advanced, the one that could search the internet and find email addresses of people wanting breast implants or the one that crawld the internet searching for information people did not want.
Thankfully by the time Google did their IPO the algos started to behave themselfs, this ultimately lead to a period where webmasters actually made money working to build a better Internet.
Google thanked these lovely people with a statement that they would never forsake them again and all would live in harmony with each other. Googles stock value rose to new levels, Fat Cats, Employers, Investors and the webmaster community enjoyed the fruits of a new playing field.
The Google PHD's went from trying to prevent reverse engineering to investigating Quantum Physics. By doing so they found a mathimatical formular that allowed Googlebot to crawl inside the minds of people and cache a list of things people did, with this new found information they were able to produce Googlebot Version V6 and identify people with good honest minds.
This number was 48, the funny thing is this:
If you bought $48 of Google shares in the year 2004 they would be worth $666,666,666 in todays electronic money.
If is for this reason I actually think Google shares are very cheap in deed ;)
PE ratio does not mean a thing. neither do research reports from investment banks. These things are useless.
What matters for trading is investor psychology. If everybody is thinking of shorting the stock, go long. Always buy a stock when everybody hates it.
Shorting is not for everybody. Potential risks are limitless unlike going long where the poterntial risk is the price of the stock.
If you want to go long Google, wait till 200 million more shares are released in about 6 months and buy just after that.
I am not sure if buying is a good idea, but I am certain that selling short is not.
If the market catches some "irrational exuberance", you could easily see yourself having to buy stock at $100 above the price that you sold short. Also don't you have to borrow the stock to sell it short? i doubt your broker will have any inventory to do that. I sleep more comfortably knowing my downside.
/has not sold short and limits himself to buying the stock or buying/selling options.