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GOOG Stock

Discussion in 'Google' started by GuyFromChicago, Jan 16, 2008.

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gem.stocks Peon

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#161

CLWR $17s.

That's a very nice 70% rise from $10 in the past two weeks. Congrats to whomever bought it right after my post.

gem.stocks said: ↑

I believe GOOG to go double again from this level is not easy, the stock price would need to go over $1000.

If I have money to invest, I would buy Clearwire (CLWR) at $10. The reason is simple, CLWR has a better chance to double triple my money in the years ahead. CLWR was trading at $25-30 only weeks/months ago, when the dummy Sprint CEO announced to delay WiMax national rollout with CLWR, CLWR tanked to tens and eventually drifted to $10s. I believe CLWR has a very good future, in fact, I've just ordered their broadband wireless Internet ($29/month) to backup my Road Runner cable. Time Warner has been having problems lately, costed me dearly when I was unable to go online or use regular phone in a trade.

CLWR spent millions if not a billion and bought monopoly rights on 2.8GHZ broadband WiMax in hundreds of cities in the U.S. They are planning to do full national rollout. You could do so many things with a brandband wireless Internet - in the car, broadband phone, or any other places cable/DSL cannot reach, plus WiMAX can reach top speed of hundreds of MBs. CLWR was started by Craig McCaw, the pioneer of cellular phone, he sold his company to AT&T and made billions. Broadband Wireless Internet will be a big play in the future, IMHO, in fact, this morning, I read Google and many others are spending $2-4 billion to bid another broandband license (300 GHZ or 700 GHZ), it is the band used by analog TV stations, it is the wireless band through walls and hard blocks.

I've registered http://www.wireless-providers.net and http://www.wireless-internet-providers.com, not sure if I can put it in use in the future, maybe you guys can come up with some ideas.......
Click to expand...

gem.stocks, Feb 13, 2008 IP
gem.stocks Peon

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#162

SIRF has been trading around $7.20 for almost a week, time for SIRF to move up soon. Got 2K shares of SIRF, looking for $1-2 gain in a few more days.

gem.stocks said: ↑

SIRF at $7, this stock should take a serious look at this level, got a 55% hair cut on a missing of earnings of $600K, its chip powers many consumer GPS devices. Here is why:

RealMoney by TheStreet.com
After SIRF's Pounding, the Stock Is Dirt-Cheap
Wednesday February 6, 11:01 am ET
ByJay Somaney, RealMoney.com Contributor

SiRF Technology , a maker of GPS semiconductors, got taken apart in trading Monday after the company reported earnings of 28 cents a share on revenues of $100.4 million; analysts expected 32 cents a share on revenues of $101 million.

So, an earnings shortfall of 4 cents a share and a revenue shortfall of $600,000 caused the good guys to shatter the market capitalization of SIRF by a hair under 55%. Makes sense to me.

Wait, no it doesn't.

I say that SIRF is an absolute screaming buy here if only for one compelling reason: SIRF is now dirt-cheap and a prime takeover candidate.

The company has $139.4 million in cash and cash equivalents and no debt whatsoever. Using the fully diluted share count of 60.7 million shares at the end of the December quarter, that works out to $2.30 a share in net cash.

After all the cheerleaders were done slashing their numbers, we have new estimates of 55 cents a share in earnings for 2008 and 77 cents a share for 2009. Before Monday's earnings report, the genius sell-siders were expecting earnings of $1.32 a share for 2008 and $1.49 a share for 2009. Oops!

The sell-siders have lowered their revenue expectations for 2008 to $378.5 million and for 2009 to $440.2 million. Before the results, they were at $446 million for 2008 and $530.6 million for 2009. Slight oops again!

So after Monday's shellacking, SIRF trades at 9.2 times (factoring out the $2.30 a share in net cash) estimated 2008 earnings of 55 cents a share and at 6.5 times estimated earnings of 77 cents a share for 2009.

Using market cap (again factoring out net cash) to revenue multiple, SIRF is now valued at 0.81 times estimated 2008 revenue of $378.5 million for 2008 and at 0.70 times estimated revenues of $440.2 million for 2009.

Estimated revenue growth for SIRF is now 16% (2009 over 2008) and earnings growth is 40% (again 2009 over 2008).

SIRF is dirt-cheap anyway you look at it, despite concerns of coming market-share losses, pricing and competitive pressures, and any other stuff the sell-siders have come up with to justify their slashing of estimates.

I am not saying by any means that the company is not in the penalty box. It surely is, but at these valuations, it will not remain in the penalty box for too long.

In addition, I am not dismissing the poor outlook provided by the company, including an expected small loss to break-even for the first quarter with gross margins guidance of 50% going forward for now.

However, the strength in their Research In Motion business and design wins at Motorola and Lenovo could at least partially offset the slightly-less-than-expected sales at Garmin and Mio going forward, based on last week's announcement from the latter two regarding cellular-based products, which could be an issue for SIRF.

I took a good-guy shot at SIRF in Monday's pounding and stand ready to buy more in case the stock comes in more today.

I think a buyout will happen sooner rather than later.

In the current shoot-first-ask-questions-later environment, SIRF could prove a sweet gift in a few weeks or months.

Until the next time, happy investing.
Click to expand...

gem.stocks, Feb 13, 2008 IP
gem.stocks Peon

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#163

I want to hear the guys bought $100K GOOG at $500s-700, what do you feel now?

gem.stocks said: ↑

Market goes up, and GOOGLE goes down, the market is smart enough to know what to buy and what to dump.. GOOG has broken some critical supports, if it goes below $500, watch out, 52 weeks low is coming, only $60 away.......

Click to expand...

gem.stocks, Mar 10, 2008 IP
gem.stocks Peon

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#164

GOOG is heading below $400.

gem.stocks, Mar 10, 2008 IP
gem.stocks Peon

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#165

GOOG chart update:

gem.stocks, Mar 10, 2008 IP
gem.stocks Peon

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#166

I was not bashing GOOG, it was the right decision to stay away from it and not touching it on the long side, as the price shows. GOOG is heading to $350-385 range by just looking at the chart above.

gem.stocks said: ↑

I won't touch GOOG with 10 feet pole.......

There is NO reason GOOG would go up.
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gem.stocks, Mar 10, 2008 IP
GuyFromChicago Permanent Peon

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#167

It's getting ugly for sure....

GuyFromChicago, Mar 12, 2008 IP
thefreebielife Peon

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#168

Glad i got out early. BTW.. where do you get your charts from?

thefreebielife, Mar 12, 2008 IP
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#169

Gem.Stocks enough with the graphs lol, there taking the words and displaying them for you
Tech stocks will bottom towards the bottom of this year

Shazz, Mar 12, 2008 IP
tarponkeith Well-Known Member

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#170

gem.stocks said: ↑

SIRF has been trading around $7.20 for almost a week, time for SIRF to move up soon. Got 2K shares of SIRF, looking for $1-2 gain in a few more days.
Click to expand...

Ouch...
You bought:
2k shares @ $7.20 = $14,400

Now worth:
2k shares @ $5.98 = $11,960

Estimated commission:
$15

Loss:
$2,425

That sucks man...

tarponkeith, Mar 12, 2008 IP
thefreebielife Peon

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#171

My greatest buy:

ONTY... 5000 shares... $1.65.. January 22nd

Haven't sold yet though...

thefreebielife, Mar 12, 2008 IP
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#172

Whats your take for Google rock bottom? Any predictions to share with us on that? $360-385 is quite a nightmare, will it be be below this range?

gem.stocks said: ↑

I was not bashing GOOG, it was the right decision to stay away from it and not touching it on the long side, as the price shows. GOOG is heading to $350-385 range by just looking at the chart above.
Click to expand...

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wisdomtool, Mar 12, 2008 IP
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#173

gem.stocks, where are you at man? WHERE ARE ALL OF YOU AT?!!!

Yea let this die because google stock is doing fine as hell

Lets see what I said back then: http://forums.digitalpoint.com/showpost.php?p=6404042&postcount=136

Shazz, May 1, 2008 IP
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#174

I nearly swallow my spoon when I saw Google rise these few days. Why didn't I buy it .

Shazz said: ↑

gem.stocks, where are you at man? WHERE ARE ALL OF YOU AT?!!!

Yea let this die because google stock is doing fine as hell

Lets see what I said back then: http://forums.digitalpoint.com/showpost.php?p=6404042&postcount=136
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wisdomtool, May 1, 2008 IP
Shazz Prominent Member

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#175

wisdomtool said: ↑

I nearly swallow my spoon when I saw Google rise these few days. Why didn't I buy it .
Click to expand...

People still believe those graphs work, they don't!

Shazz, May 1, 2008 IP
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#176

Graphs are for reinforcement and analysis, they are better than nothing, to be fair to them.

Shazz said: ↑

People still believe those graphs work, they don't!
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wisdomtool, May 1, 2008 IP
broker Peon

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#177

Traded above 600 today, from a low of 413 in March.

broker, May 2, 2008 IP
Shazz Prominent Member

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#178

Im still losing in the market from just holding

Shazz, May 2, 2008 IP

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