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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]
Google's stock price is going to be very sensitive to meeting analyst's forecasts. Their P/E ratio is 95. I'd never touch a stock at that price, but many members here still think it's a bargain.
I'd be more concerned about whether you think there is room for growth and if it is adequately priced for that growth or under priced. Also, giving away a crap load of options and treating the people that mak eall your money like $%#^ doesn't make me all to comfortable until GOOG drops below $150.
Like the guy said above, he is finding better uses for $30K now that they are getting greedier than ever. I'm spending a lot more on OV now than before.
[edited by: iblaine at 12:12 am (utc) on Feb. 1, 2006]
Wait to buy or wait to sell?
Just curious wildbest, what makes you say that? I believe the fact that the media love affair with Google is ending and more competition looming on the horizon can't justify the outrageous valuations Google is currently trading at.
Buy. Google is a short term buy. But... wait for about a week for the dust to settle and also for some very short term squeeze for the longs.
It is correct to say that they had outrageous valuations but not any more... In my view, a level around 320/30 would be quite good to jump on. Below 290 would be a concern, of course! But... this is a webmaster forum not stock trading! :)
Current P/E ratio is not the key to this game, rather, most people look at the expected P/E ratios.
How much into the future one should be looking for the expected P/E relies much on which point in time the company's expected growth rate is expected to stabilize.
GOOG is a major growth story, and nobody knows where the growth will level out, as they are expanding in all directions.
See: Google's Stock Closes Below $400 for First Time in Two Months on Worries About 4Q
Well it knocked out all the stop-orders allright. Just a hunch - some big connected speculator wanted into GOOG bad and is buying all the shares that get on the market from stop orders. Now that it has shaken off these stop orders, GOOG will go up more IMHO.
Now that I look closer, it is a 3:30 selloff, no doubt some big player or speculator. Don't worry, fella googlers, your shares'll be allright (or taken away) in the morning.
Deserve what? $372.2 million profit in the just-completed quarter?
Anyone who's in Google for the long haul, including the principals and leaders of the company, isn't likely to be seeing this as particularly disastrous and worrying that they're paying for having somehow wronged "the people who make all their money." There's never been any doubt that at some point there'd be a correction to the stock price and consequently to each of their personal on-paper positions. They're still immensely successful, immensely wealthy, and not likely to change anything about how they run the business.
Heck, if I were a Sergey Brin or a Larry Page I'd probably be relieved whenever it happens to finally get it over with and get the price into a stable situation.
I think Google has resistance at the $380 mark and will probably trail back a bit tomorrow morning on fear but may rise in the afternoon on re-investment and short coverings.
Correct, but Google will be out of the Internet soon. In fact, they will distribute your TV commercials soon, kinda AdSense for TV! VOIP is a hot sector right now, ruining all traditional telco business. Next is IPTV. And there comes GOOG.
Thats the problem they face. Google is a search company seems to be gearing more towards a marketing company. While the technology works remarkably well for the internet that impersonal service doesn't translate to TV or radio.
If google needs to monitor my tv habits to tune the ads to my liking then thats going over and beyond the ethical limits of what i would want any company to do. (honestly i'm sure it's already done so google wouldn't bring much to this market anyhow)
Search is great on the internet and has lots to be desired, however computer algorithms and processing only does so much when it comes to live media.
Verizon & Dish and Comcast are where the tv wars will play out in the "last mile" services and XBox, PS3, Gamecube and Tivo is where the IPtv will play out.
If anything more of the last mile and set top box providers will put a choke hold down.