Google: The $400 gorilla
This CNN/Money Magazine article is very good, and worth reading. In fact, I recommend you do read it, and then read this blog post written (by me, of course) 9 months ago and very early in this blog's life. And when Google/GOOG was less than half its current share price.
You will quickly discover why I chuckled upon reading the CNN/Money article: all the arguments the author makes -- including its increasing cheapness amid a rising share price, its lessening valuation on all measures of fundamental performance, its move toward a possible $1 trillion market cap, etc -- are each an item I 'predicted' (a term I detest using) 9 months ago would come to pass -- and have come to be. And so here we are.
And where is here...? With a higher share price and even larger market cap yet to come. Google/GOOG is now in full-on acceleration mode, and ever higher highs will come more quickly... and more easily.
Questions? Comments?
You will quickly discover why I chuckled upon reading the CNN/Money article: all the arguments the author makes -- including its increasing cheapness amid a rising share price, its lessening valuation on all measures of fundamental performance, its move toward a possible $1 trillion market cap, etc -- are each an item I 'predicted' (a term I detest using) 9 months ago would come to pass -- and have come to be. And so here we are.
And where is here...? With a higher share price and even larger market cap yet to come. Google/GOOG is now in full-on acceleration mode, and ever higher highs will come more quickly... and more easily.
Questions? Comments?
posted by David M Gordon | 5:48 AM
<< Home