What does everyone think of Google. Is the run over or does it still have room to go. I think the analysts are at about $350 and climbing daily. I'm going to guess that's the contrarian indicator and say the run is over.

Gary

Gary, I'm still short from when you told me to short it in October at $170.

http://www.network54.com/Forum/thread?forumid=251727&messageid=1098677575&lp=1098700451


Just kidding.

Actually, if you want to know the truth, Google has one of the most pristine balance sheets you ever saw in your life. Having said that, I wouldn't want to own it and I wouldn't want to short it either.

Larry

I'm not brave enough to short it either. Just thought I'd see what everyone thinks.

Gary

Larry,
By the way, what exactly does Google sell? I know its a search engine but I've never paid Google for search yet. Is the main business selling advertising or what?

Gary

gary,

here's some info that might interest you. it's from google's investor relations site:

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"We generate revenue by delivering relevant, cost-effective, online advertising. Businesses use our AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party websites that comprise our Google network use our Google AdSense program to deliver relevant ads that generate revenue and enhance the user experience."

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For more info go to: http://investor.google.com/

Or to:

http://investor.google.com/releases/20050421.html


btw - full disclosure i own GOOG.

-ja

Ok, I gather that they sell advertising space on the Google website. Does anybody ever click on internet advertising or know anybody that does. For myself I can't say as I have ever clicked on an ad or had an ad make enough of an impression for me to remember it for more than 5 seconds. It seems like commercials on TV only its easier to change the channel. Lets see should I buy the company on the grounds that its customer base will not only expand tremendously for years to come, but will continue to pay for a seemingly worthless, or worth little, product (just my opinion). Seems like I remember wondering about the business model of another tech company several months back. What was it again, Ebay thats right. Wasn't it supposed to grow at 50% a year for years to come also? I was a little early but it does appear that the market has had second thoughts about Ebay.

Gary

the asset to liability ratio for google is 10 to 1 so they must be doing something right. i don't own ebay but i think their biz model is great. of course neither of these things mean that stock prices will go up.

i think GOOG has a few more upside points in it. but i think it IS high risk at this point.

-ja