Googleperplexed
October 22nd, 2005 | by mbhunter |I never would have guessed that Google, Inc., would even crack $200 following its IPO.
Don’t get me wrong — I think Google is an incredibly dynamic company, and I love checking out their website for what’s going on, especially Google Labs.
With the recent announcement that earnings are through the roof, the stock shot further into the $300s. This stock seems to defy gravity. I just don’t want to jump that high to get it. $90 was too high.
Robert Walberg, of Street Patrol, though, sees GOOG hitting $400!
This article doesn’t really convince me. It seems like he’s pointing out all of the reasons not to buy Google — high P/E ratio, competition from Yahoo! and Microsoft, a recent hiring frenzy — but asking his readers to overlook these things and buy anyway.
Another “thing that makes you go hmmmmm”: A lot of investment articles on MSN.com (and other places, too) have a disclaimer at the bottom that states whether or not the author had a financial interest in the companies mentioned in the article. The article linked above says that “[a]t the time of publication, Robert Walberg did not own shares of companies mentioned in this column.” That’s fine, but it would also be good to know if he controlled any shares without owning them — through call options, for example. Other authors will state that they “do not own or control any shares.” I don’t know, and it’s not stated.
I’ll continue using Google’s stuff for a lot of things, but I’m not going to buy the stock based on Mr. Walberg’s recommendation.
One Response to “Googleperplexed”
By ken balc on Jan 13, 2006 | Reply
good thing you never bought cause it’s at $466 now