i think certain investors were expecting way too much.
if you look at the numbers, all of them exceed estimates.
we don't have the blowing-out-of-water number anymore, but fundamentally, it's still good.
if you look at the numbers, all of them exceed estimates.
we don't have the blowing-out-of-water number anymore, but fundamentally, it's still good.
RichUK
Lifer
- Feb 14, 2005
- 10,341
- 678
- 126
Originally posted by: Azzith
how so? i bet for most average home users, google is their homepage, and it is their "gateway" to every other website. And now it's mail service is growing rapidly, etc etc, as well as lots of mini projects like google desktop, google maps et al.
it is for me
that's not really fair since their growth from last year is tremendous. (I agree that the price per share is inflated though.)
Originally posted by: alien42
Originally posted by: Eli
Microsoft is only worth 282 million dollars?
fixed, i knew id screw it up
they are worth 245 Billion
http://finance.yahoo.com/q/ks?s=MSFT
It wont last...they never do. It's worth will go right down the tubes the same time it's stock does!
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
It's all relative. Google has MOMO right now and that's what matters. With hot money still pouring into Google, it's foolish to bet against it. Fund managers and hedge funds chase performance and sheeps do what sheep do. Google is favorite of Fidelity and Legg Mason. I wouldn't stand front of those two whales. People worship Bill Miller and he likes and holds large position in Google. So does Fidelity. People follow them. It's snowball effect.
When Google first came public, I estimated Google to be worth about 40 billion. Why? Because of the US yellow page business. US yellow page business is worth about $40 billion in cash. I remember Qwest selling their portion of yellow page business for around 5 billion in cash couple of years ago when they desperately needed the cash. Verizon and SBC yellow page business is probably worth 10 billion cash each. I figured I give premium to GOOG for being internet company and being worldwide. So it could be worth little more. That's why when Google came public and shares were selling for around $100, I didn't think it was expensive. It was actually undervalued using my valuation method. Plus all the analysts and press was saying it was overvalued at $100 so I knew it would go up. Now it's overvalued by my valuation but I wouldn't short it now. Even after today's drop it's higher than it was couple of weeks ago and it still hasn't broken the trendline. The uptrend remains intact and until that's sharply broken, I wouldn't touch Google long or short. Just stay on the sideline and marvel at the power of MOMO. All IMO.
When Google first came public, I estimated Google to be worth about 40 billion. Why? Because of the US yellow page business. US yellow page business is worth about $40 billion in cash. I remember Qwest selling their portion of yellow page business for around 5 billion in cash couple of years ago when they desperately needed the cash. Verizon and SBC yellow page business is probably worth 10 billion cash each. I figured I give premium to GOOG for being internet company and being worldwide. So it could be worth little more. That's why when Google came public and shares were selling for around $100, I didn't think it was expensive. It was actually undervalued using my valuation method. Plus all the analysts and press was saying it was overvalued at $100 so I knew it would go up. Now it's overvalued by my valuation but I wouldn't short it now. Even after today's drop it's higher than it was couple of weeks ago and it still hasn't broken the trendline. The uptrend remains intact and until that's sharply broken, I wouldn't touch Google long or short. Just stay on the sideline and marvel at the power of MOMO. All IMO.
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