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Here are what matters to average investors--the headlines:
"UPDATE - Google profit misses Street target, shares drop"
"Google's quarterly results fall short of expectations"
"Google profit misses Street target"
"Google Earns $372.2M in 4Q, Misses Views"
Goog's valuation was and still is scary: they're worth about half of MSFT, and MSFT makes about $3 Billion a quarter in profit from a gazillion sources.
[edited by: walkman at 10:26 pm (utc) on Jan. 31, 2006]
Yes, GOOG is a one-product company right now, and they need to step in and create a second product, and if they do (and oh boy they can) - see ya at $600/share. Now, this is all, of course, is based on Google delivering - and from where I sit they can turn on a dime and deliver 2 or 3 solutions into niches that proved to be highly profitable.
How about Google vallet? Just look at the integration of everything - AdWords and AdSense on the same password, Gmail - I'd say if this isn't something that Microsoft failed to do i.e. Passport, plus MONEY STREAMS, all under one roof then I don't know what I am looking at. No other non-technology company has an opportunity to invest so little money to have such a high earning potential. GE is not even in the same league.
from where I sit they can turn on a dime and deliver 2 or 3 solutions into niches that proved to be highly profitable
All of the market is not specualtion. I have many safe dividend plays.
My biggest problem with Google from the get go has been that they don't actually "own" all that much physically speaking
Warren Buffet was once asked about his preferred business model. He answer was "a toll road". While he was referring to companies like Qualcomm, and in some ways, MS, who make a ton from royalties, a gateway model like Google is a close second.
Expectations that were off, not earnings
Yep. Amaizing how much influence those analysts can have on a company's stock. Another company missed the Street's target this week by just a few cents and dropped 4%.
I wouldnt worry until Google's earnings drop to the 40% range from the 80%+ they are at today, then maybe people can claim that the sky is falling with somewhat of a straight face.
1) A good stock chart (There are no technical analysis perks)
2) Low PE
3) Oversold Conditions - Filled GAP
So in short as of now the stockis up, I think it will close down as all indicators of smart money trading say this stock is over-bought still and has a long way to go to become healthy.
However, the fact that Google practically "prints" stock options with their GSUs, and that U.S. Government doesn't like when someone says "no" to them - those 2 could be a BIG issues afecting stocks IMHO.
SAN FRANCISCO (Reuters) - Shares of Web search leader Google Inc. (GOOG.O: Quote, Profile, Research) -- off 24 percent from highs set last month -- could face a further 50 percent decline, Barron's said in the financial weekly's February 13 edition.
I saw this earlier today. Not much in the way of news, I mean someone basically stating that with such a high P/E even small dips in earnings are going to send Google downward. Thanks for the lesson in finance.
Google and some of their employees benefited greatly from the run up. The company's got a very bright future, but at $470 / share, it's not exactly a good value (right now).
GOOG is currently trading (after hours) around 353. With a P/E of 72 and a forward P/E of 42, I'd say that $180 is about right and a good value for speculators.
I'd say that $180 is about right and a good value for speculators.
Google and some of their employees benefited greatly from the run up.
Your not kidding.
There has been massive insider SELLING of Google stock, not purchasing.
Take a look at these stats. These folks are cashing out now at the highs.
Look at these stats - Google Insider Transactions