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#21
06-05-2005, 11:08 PM
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Re: Google.
[ QUOTE ]
but its book value is no where near its trading value [/ QUOTE ] Book value is probably the single worst metric for measuring the value of a company. Sometimes a company can be a value because it's been down on it's luck and worth less than it's book value, but that's about the only time it's important. The beauty of internet stocks is that they can be huge companies and have small book values. They don't need a store in every town in America because they have a store in everyone's house with the PC's they own. So book value is especially useless in evaluating companies like EBAY, YAHOO and Google. 
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#22
06-05-2005, 11:12 PM
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Re: Google.
[ QUOTE ]
Cheaper than EBAY or YHOO... With MUCH more upside. [/ QUOTE ] Isn't YHOO Google's competition? I thought they were fighting for the same market, the portal/search engine market. I like Google, I think they are better than Yahoo...but I think they are fighting for the same upside, aren't they?
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#23
06-06-2005, 02:36 AM
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Re: Google.
They claim they are different.
I too prefer Google (I like the "I'm feeling lucky" option).
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#24
06-06-2005, 11:43 AM
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Re: Google.
Did you read my post?
GOOG and YHOO are quite different... In terms of technology and culture. Because GOOG has a one-of-a-kind supercomputer and OS... (Which would take years for a competitor to duplicate)... They can provide millions of people with storage and computer power... Say 20-30% cheaper than MSFT or YHOO... Who run standard off the shelf hardware. That means GOOG can breakeven on something like GMAIL... While MSFT and YHOO have to run a similar offering at a loss. GOOG has a huge competitive advantage... And is constantly forcing MSFT and YHOO to provide services at a loss. The game that began with the IPO has just begun... And is still in the 1st inning. rm+ [img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/cool.gif[/img]
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#26
06-06-2005, 02:19 PM
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Re: Google.
The only reason why i talk about book value is because i'm a follower of warren buffett.
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#27
06-06-2005, 03:39 PM
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You grossly misunderstand Buffett\'s methods
Owner Earnings
Or how about this.... BRK, as I'm sure you know, recently acquired a significant stake in BUD. I owned some BUD prior to that so I followed what happened. The news of BRK's purchase initially sent it up a bit but it leveled off. It is still within a dollar per share of what BRK bought it at. As of 6/6/2005: BUD price/book - 14.12 BUD book value per share - $3.35 BUD - $47.26 per share Why did Buffett do that?
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#28
06-06-2005, 07:18 PM
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Re: Google.
[/ QUOTE ] My statement still stands. Buy it while it is as cheap as it is. It looks like the beginnning stages of the next MSFT. [/ QUOTE ] msft is one of the most overrated stocks on the market. why would you want a company to be like that? Nothing against GOOG because it seems to be doing quite well and is too much competition for yhoo but i probably wouldnt want it to be msft. Plus msft has many other things that it has to create business not just web browsing and so one. Although goog has put together gmail and others.
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#29
06-06-2005, 10:17 PM
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Re: Google.
You sorta missed RYL's point.
He's saying that GOOG in 2005... Is a lot like MSFT in 1987. MSFT went public in March 1986... At $21.00/share... And was bid up to $27.50 on first day of trading... Roughly 20-25 times earnings. In 19 years... MSFT stock has increased in value 300 times... Which is a 35% annualized return. GOOG has already tripled. And it's not being bid up by Joe Blow on Main Street. GOOG is being bid up by very sophisticated hedge fund managers... That NEED to have a piece of the relatively small float. rm+ [img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/cool.gif[/img]
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#30
06-07-2005, 06:06 AM
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Re: Google.
[ QUOTE ]
Someday soon... Your average person will no longer need a computer, hard drive, Windows, MS Office, etc Just a simple "browser appliance"... [/ QUOTE ] Computers in every home will not be going away. What they will look like in the future is still an open debate, but going back to the era of dumb terminals... I think not.
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