Pounding the desk for Goog

[miamicanes]

> The fact that GOOG has to resort to pumpers here should speak volumes to investors.

Frankly, I suspect that Google's largest owners could care less what investors think or what their share price is. They're like Woz -- rich enough that they'll never have to care about money again, so they can instead spend the rest of their lives doing cool things, like buying Honda Asimo robots, and programming them to fight like it's a big, expensive videogame ;-)

 

[Rehoboth]

Quote from miamicanes:

> In this current market we have P/E's in the 1's and 2's, explain to me why in this environment GOOG is buy with a P/E at a 16?

Basically, zero risk that Google won't continue as a going concern for the conceivable future. It has zero debt, positive cash flow, and asset-wise is one of the richest companies on planet earth. From what I understand, a good portion of that wealth came from buying lots and lots of dark fiber in 2001 or 2002 from a bankrupt ISP. They apparently bought it for a pittance, because nobody thought that we could ever possibly max out the fiber that was already lit, let alone find new uses for it. Google looked at it, and thought, "Hmmm... one on one on-demand high definition video @ 20mbit/sec per viewer..."

Google had their own video service before they bought Youtube, but no real idea how to run it, and didn't have any clue how to deal with companies like Sony & Viacom. Youtube, on the other hand, knew how to navigate the legal minefield, but was getting eaten alive by data charges they had to buy at market rates. Ergo, a perfect marriage... Google's basically "free" nearly-unlimited bandwidth to the rest of the internet, Youtube's brand name and management know-how.

I dont doubt that GOOG is a good company. But that still doesnt answer the question of why in this environment it is a buy with a 16 P/E? 250, 300 as a price is a non factor as it relates to the rest of the stock world. If the worlds P/E's are bleeding, what is to stop GOOG from bleeding with it.

 

[miamicanes]

> If the worlds P/E's are bleeding, what is to stop GOOG from bleeding with it

They did bleed... a few months ago, their P/E was ~36. A year ago, it was probably almost 100. ;-)

Personally, I don't know whether it's worth ~$250 or not. My next share will be somewhere around $192 (maybe $202 or $212, if I'm burning to buy it and it looks like there's already blood flowing out the NYSE's front door). If it makes it down further, I'll probably buy 3 just to bring my total holdings up to 5.

 

[Illum]

Bad time to be an ad company. Google is not immune, they are in the market, not above it.

 

[stock_trad3r]

blah blah blah

all this analysis is worthless

when the market rebounds, so will google. Google can easily gain back 200 point in a few months. Youtube doesnt need to make money.

 

[saxon22]

Quote from miamicanes:

> If the worlds P/E's are bleeding, what is to stop GOOG from bleeding with it

They did bleed... a few months ago, their P/E was ~36. A year ago, it was probably almost 100. ;-)

Personally, I don't know whether it's worth ~$250 or not. My next share will be somewhere around $192 (maybe $202 or $212, if I'm burning to buy it and it looks like there's already blood flowing out the NYSE's front door). If it makes it down further, I'll probably buy 3 just to bring my total holdings up to 5.

5 shares you say.? That alone should lift Goog to 800. Watch it go to 200 in couple of months and then touching 150 by the summer. Goog is going the same way yahoo did before ..... down

 

[option_trad3r]

I agree here. I'm buying too.

W3rd

Quote from stock_trad3r:

blah blah blah

all this analysis is worthless

when the market rebounds, so will google. Google can easily gain back 200 point in a few months. Youtube doesnt need to make money.

 

[miamicanes]

> That alone should lift Goog to 800

Yawn. If it gets cheaper, I'll buy more. If it goes up, I won't be able to afford or justify it, and probably acknowledge its illiquidity by paying fifty bucks to get it printed on a certificate and hang it on the wall to show off ;-)

 

[S2007S]

Quote from Port1385:

Come on ET experts? At 700 you were saying that GOOG was a terrific buy and joined by a happy chorus of analysts who insisted the same. Now its at 250 and the pounding of the desks have ceased.

I dont think GOOG is a bad company, in fact, I use it all the time. Its a great company, but there has to be a certain point when it will be a buy again. There are no products out there that outdo google.

What say you ET experts?

GOOG going down to around ipo price, meaning PAR!!!!!!!!!!!!!!!!!!!!!!


2009 is my estimate.....

 

[lolatency]

Quote from topeak:

can someone shed light on why android is the 2nc coming?


what is so great about android
why will it revolutionize phone software

Nothing great. The phone's core software was written by the same guy who did the core software work for danger.com, the makers of the sidekick. It's the same old java environment and has some nice extensions.

If Android survives, it's because the software base is open to the public completely. It'll be carried along like a Linux type of phone until it's ubiquitous.

Personally, though, I don't think Google will ever out do Apple. IPhone is infinitely better than Android in terms of quality and functionality, I think.