Google's stock gained $13.84 a share today bringing their stock price to $255.45 and their Market Cap to $71 Billion. Their Price to Earnings ratio is an astoundingly high 102.67.
Come on guys, this is getting a little out of hand. Sure, Google has a lot of clout right now and they're bound to expand into other internet-related markets but this is just baffling. Why anybody would buy Google stock after watching countless internet firms in the late 90s careen down the stock ticker like lemmings off a cliff is beyond me.
I ain't no financial wizard, honored Rorez-san, but look at the line item on that chart re: dividend (it's blank) and maybe that's all we need to know.
ReplyDeleteDoes Google actually make any real cash from anything? advertisements I suppose, but do they sell anything else?
Ryozo san, ah so. But seriously, do you know of a part of Google wherein real cash is made by selling something?
ReplyDeleteThey have the technology to be one hell of a data mining company or to offer customized advertising solutions for websites. I think they're starting to sell customized servers for database hoozits and whatzits too.
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