I am hearing that google may go up to 900 bucks per share. Most stocks trade at twice their growth rate. If googles does the same then its on its way to 900 a share!!! WOW... any thoughts??
With P/E at 35 and analysts giving still a buy recommendation really a higher price could be achieved. But who will buy google stocks at 900?
Just for your info, Warren Buffet 's baby, Berkshire Hathaway main stock is worth $1XXXXX per share. Read this.. http://www.guardian.co.uk/usa/story/0,,1930490,00.html
Just a review of how the share price was like during the past few years.. http://finance.yahoo.com/q/bc?s=BRK-A&t=5y&l=on&z=m&q=l&c= If you cannot afford 100 shares at $103,000 each, you can see if you can afford to buy his B shares... at the more affordable $3500 each range.. http://finance.yahoo.com/q/bc?s=BRK-B&t=5y
You can always find that special someone that doesnt bother looking at any important info, such as P/E ratio, eps, moving averages, etc and just see that its moving up. I have a friend like this and he has lost out on EVERY stock he has ever bought lol
I think a lot is going to ride on the outcome of the first YouTube law suits. I'm watching that like a hawk.
Makes you wish you were one of the "lucky" ones who were laughed at and mocked for buying 1,000+ shares at the IPO price of $84. Doh!
I disagree about the inevitible Youtube lawsuits having a heck of a lot to do with Google's stock price. I'm basing this speculation on the facts that: A) They are Google, they certainly have as much influence and power in today's market as media giants like Clear Channel or other's who are going to throw a fuss over the abuse of their intellectual property. (and honestly, it is the giants that will make any kind of difference, people like Robert Tur, owner of the video of Reginald Denny being beaten in the L.A. Riots, are at best going to get a nice, quiet payday settled out of court.) B) According to Bloomberg, "Excluding revenue passed on to Web partners, Google's ad sales probably will rise 65 percent to $4.03 billion this year, equaling 25 percent of the total online advertising market" How much of an impact are these lawsuits from a newly aquired business unit going to have on a business who's allready doing as well as they are? I am pretty sure that google has calculated that risk and included it into their final decision. I also tend to agree with most of the points brought up in one of Shoemoney's blogs about why the deal make's a ton of sense, especially point # 9: "Legal issues are not issues - Cmon your talking about the company that scans library books and puts them online… AND GETS AWAY WITH IT" http://www.shoemoney.com/2006/10/09/10-reasons-why-the-google-youtube-deal-make-sense/ (sorry, you'll have to copy and pasted the link, I don't think I can include links in my posts yet.) C) Based on how Google allready handles their search engine, I believe copywrite violations are going to be DRASTICALLY reduced now that Google is the new Sherriff in town. It doesn't seem to take a lot to get on Google's sh*t list as it stands, why would they handle Youtube any differently? It will be interesting to see how things play out, and by no means do I feel that Google is bulletproof in the market, I just think that there are bigger things that will affect the price of their stock than Youtube's legal issues.
They will split, the price will sky rocket back up, possibly rinse and repeat even though they are selling at like 55x their profit, which is abnormally high.
I honestly think Googles stock price will continue to grow. Reason is because it still has ALOT of potential. I can imagine eBay being taken over by Google Auctions.
At this growth rate, it could reach $900. However, it's not common for large companies to sustain this kind of growth. I think that within 10 years, Google will crash.
I made quite a bit of money on Google, I bought on margin after they finalised the takeover of Youtube. But was kinda worried for a bit cause as soon as I bought it, it went down 20 dollars, then up 60 and up another 20. So I was very happy
It could go that high...I see online advertising rising every year and google is figuring out new ways of placing ads.......I don't think half the world uses the internet yet.....