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Cash – At the end of the quarter, Google had a cash, cash equivalents and short-term investments balance of $1.86 billion.
Revenue generated on Google’s partner sites, through AdSense programs, contributed $384.3 million, or 48 percent of total revenue
Oh, and don't forget there are income taxes out of that too.
Even if I was the president of the USA you wouldn't buy it from me. You would be dead before you get your money back.
That is in the vernacular, "a bad investment"
If you cannot recoup your investment in your lifetime it's better to hold cash right? Otherwise what is the point of making a long term investment? In the long term all investments tend to their true value (the value of the expected dividend/coupon stream).
The only rationale for holding an investment like Google at the current price is a short term gamble. That is possible when other investors are irrational and the price goes into a frenzy feeding off people's greed.
I'm sorry, SlyOldDog, I don't understand your analogy I don't know a thing about investing and don't claim to. I was just saying why I bought the stock and why I plan to keep it.
That's not an analogy Mona. It's what you bought.