View Full Version : Google Flirts With $200-A-Share Mark
Nacho
10-29-2004, 08:19 PM
Associated Press
Google Flirts With $200-A-Share Mark (http://biz.yahoo.com/ap/041029/google_advertising_1.html)
Friday October 29, 5:02 pm ET
By Joe Bel Bruno, AP Business Writer
Google Stock Nears $200-A-Share Level As Online Advertising Boosts Investor Confidence
http://biz.yahoo.com/ap/041029/google_advertising_1.html
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The funny thing about reading this news, was that I got it on Yahoo! Finance. :D
AussieWebmaster
10-31-2004, 06:32 PM
I would think they will split but according to certain people Larry and Sergi are fond of Warren Buffet and his portfoloio is trading at 85,000+ though this does not allow people to buy into it without deep pockets which is contray to the give the little guy a chance to get in approach!
seobook
10-31-2004, 08:43 PM
I would think they will split but according to certain people Larry and Sergi are fond of Warren Buffet and his portfoloio is trading at 85,000+ though this does not allow people to buy into it without deep pockets which is contray to the give the little guy a chance to get in approach!
thats what the $85 tag was for...give the little guy a chance. now they probably want to shield themselves from volatility and speculation. not sure whether or not a split would be good for that? (as I do not follow stocks a ton, but I remember reading something a while ago talking about splits sometimes causing added volatility)
zengray
11-06-2004, 02:52 AM
Current price: 169.35
PE ratio: 203
This is classic late 90's stock pricing. Clearly there are still enough wishful thinkers out there to support such a fantasy, but since I watched the last fantasy fall, with similar numbers, I'm not going to get excited about this one either.
For some reason people insist on believing that computer based, especially online type, businesses do not have to actually make money relative to their market value/earnings/stock price. You'd think the United States investors would have learned by now, but I guess they haven't.