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Investors think Internet powerhouse Google (GOOG) is going to have a killer holiday.
Google's highflying stock topped $600 for the first time Monday. Investors are "excited about the holiday quarter, historically Google's strongest, and they buy ahead, on anticipation," says Gene Munster, an analyst at equity firm Piper Jaffray.
In the past few months, Google has been on a tear to expand beyond its core text advertising that appears near Internet search results.
Investors think Internet powerhouse Google (GOOG) is going to have a killer holiday.
Google's highflying stock topped $600 for the first time Monday. Investors are "excited about the holiday quarter, historically Google's strongest, and they buy ahead, on anticipation," says Gene Munster, an analyst at equity firm Piper Jaffray.
In the past few months, Google has been on a tear to expand beyond its core text advertising that appears near Internet search results.
How would you ever dream the stock would go from 85.00 a share to 600 a share. I wish I would have bought some at 85.00 when it was considered cheap.
John
I've looked at google, I cant imagine why its as high as it is..
1) The stock has never paid a dividen
2) Current value of google..$190.3Billion
3) For the last year.. Google profits $13.04 per share..
4) In the last year.. Not ONE person inside the corporate management has "bought" stock
5) While the gross sales have been going up.. In my opinion.. not enough to justify the stock price.. and surely at the $19.62 profit per share estimated to be made in 2008.. Is the stock really worth 30+ times earnings?
Earnings per share, first qtr 2007, $3.68 price $482.48
Earnings per share, 2nd qtr 2007, $3.56 price $512.51
I've looked at google, I cant imagine why its as high as it is..
1) The stock has never paid a dividen
2) Current value of google..$190.3Billion
3) For the last year.. Google profits $13.04 per share..
4) In the last year.. Not ONE person inside the corporate management has "bought" stock
5) While the gross sales have been going up.. In my opinion.. not enough to justify the stock price.. and surely at the $19.62 profit per share estimated to be made in 2008.. Is the stock really worth 30+ times earnings?
Earnings per share, first qtr 2007, $3.68 price $482.48
Earnings per share, 2nd qtr 2007, $3.56 price $512.51
profit goes down.. price goes up.. go figure.
Remember the internet bubble? GOOG is trading on that irrational exuberance. This is nothing new really. The traditional P/E ratio does not apply to stocks like this. AZMN has a P/E of 132. BIDU has a P/E of 196. These have been some of the best performing stocks recently. Actually, there is a logical reason why they are doing so well.
Remember the internet bubble? GOOG is trading on that irrational exuberance. This is nothing new really. The traditional P/E ratio does not apply to stocks like this. AZMN has a P/E of 132. BIDU has a P/E of 196. These have been some of the best performing stocks recently. Actually, there is a logical reason why they are doing so well.
I've been waiting to buy a book from AZMN for 13 hours now.. When I called they are doing "systems upgrades".
looks like problems this quarter.. they already lost 1% of their sales for the quarter
I already sold my Google right around $565. I obviously wished I held it longer.
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