Google, a Great Roller Coaster
The Google-ride has taken a sharp drop today with the announcement of it’s 4Q earnings. Like every good roller coaster ride, the drop which came in the afterhours trading ended at 12% drop.
No they did not miss earning expectations by a penny or two, they actually did good on that with $1.29 Billion. However, they didn’t beat that and didn’t “impress” the market… What did go down was the earnings-per-share, which was expected to be at $1.76/share, but only hit $1.54/share.
So is this the beginning of the end? Is it a good time to buy? only time will tell, but I believe that even now, at $381.10 a share it is still way overpriced.
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POSTED IN: Google
1 opinion for Google, a Great Roller Coaster
Ben Paton
Feb 5, 2006 at 4:44 am
Google is over priced. There happy bubble is about to get a little unstuck (no way near bursting) and it’s begining to show in the media.
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