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80 Comments
- chupavacas, on 12/26/2008, -3/+90All boats sink at low tide.
- jwolcott, on 12/26/2008, -5/+49Recession = Less Consumer Disposable Income = Less Purchases = Less Revenues = Less Ad Spend = Less $$$ for Google = Lower Stock Price = Angry Shareholders = Angry Board of Directors = Fired Management = Upset Ex-Employees = Higher Gun Sales = Higher Profits for Gun Companies = More lobbying for Iraq War & all other Wars = Increased US military Presence in the World = More Military in Islamic Holy Land = More upset Terrorists = Are you still reading = Increased Terrorist Procurement of Nuclear Weapon = Nuclear Weapon attainment by Terrorists = Nuclear Explosion in New York = US Nuclear Retaliation = Russia Joins the Party = End of Humanity = New Recession
- DarkCloud515, on 12/26/2008, -3/+46It was over-valued in my opinion anyway. Google's a beast but keeping it at $700/stock is hardcore.
- inactive, on 12/26/2008, -0/+30............/\............
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.......A NEW LOW! - zydeco, on 12/26/2008, -1/+25Who the hell clicks on AdSense links? I still don't understand where the billions of dollars in clickthroughs are coming from, other than robots.
- techdever, on 12/26/2008, -0/+21i just hope the shares won't get any lower so that google won't sell our private details to korean gangsters!
- PGPirate, on 12/26/2008, -0/+13Old people
- Thomaschaaf, on 12/26/2008, -2/+14Don't forget the $12 a month fee for sharebuilder.com ;)
- Petrarch1603, on 12/26/2008, -1/+13Check out the price on Berkshire Hathaway
- ScottMitchell, on 12/26/2008, -2/+13The share price of any company is simply a ratio of its market value to the number of outstanding shares. So saying that no stock is worth $X is meaningless. $700/share for Google is a bargain if there are only 1,000 shares. But it's ludicrous if there are 10 trillion shares.
Many companies split their stock (artificially increase it by some percentage) to keep the price within a certain bound. I don't believe Google has done this at all, which explains a higher than normal share price. Another well-known company that doesn't split shares is Berkshire Hathaway, which'll cost you a little over $93,000 for a single share.
http://finance.google.com/finance?tkr=1&q=NYSE ... - ZeeZee2k, on 12/26/2008, -3/+14So is it a good time to invest in google's stock now? give me half a share
- Antialias, on 12/26/2008, -3/+13www.sharebuilder.com. You can buy any amount of Google stock you want for $4 a trade, no set up fee. have $10? You can buy $10 worth of Google stock(fractions of a share).
Sure you won't make thousands, but if the stock doubles, your $10 doubles. Then you just keep dropping in $50 a month or whatever and soon you'll have quite a bit. - mark076h, on 12/26/2008, -1/+1098% of the population has no idea what AdSense is or even Google, they think its part of the search or something like that.
- PGPirate, on 12/26/2008, -0/+8Boats don't sink at low tide. They run ashore and get stuck.
- rynsa, on 12/26/2008, -1/+9Ah, the free-market faithful! You guys are so cute! Already planning the next financial recession, are we? Glad to see we've learned...
- OrangeTide, on 12/26/2008, -0/+6share price is useless information if you don't consider things like mktcap. There are plenty of private companies that trade at $100k/share. Share price is what it is because of what "bite sized" chunks a company's board decides is most appropriate.
This is why stocks split. They can also unsplit (reverse split), but that is rare because it's complicated. - embryodb, on 12/26/2008, -0/+6google has to keep expanding and diversifying or it will collapse like any other bubble.
- MorpheousMarty, on 12/26/2008, -0/+5Maybe, but expanding is what makes bubbles collapse.
- Renian, on 12/26/2008, -0/+5After reading this article, I thought Google might be a good buy now as a value stock. Nope...PE ratio of 18.90.
BENJAMIN GRAHAM DOES NOT APPROVE - spookyttws, on 12/26/2008, -2/+7Still way to expensive for me to afford a single share. I remember when they were about to go public, and they decided to do it by auction, so it could be bought for relativity cheap, allowing more people to have access to it. Me being young and apparently dumb, I imagined I could grab myself a few shares for $20 bucks for something. Yeah, that clearly wasn't the case.
- theinsane, on 12/26/2008, -1/+6I don't see how my continued reading leads to terrorist procurement of nuclear weapons, but the rest seems like a legitimate argument.
- thejokker, on 12/26/2008, -0/+5everyone loves to say "buy low, sell hight," but now that stocks are low everyone just acts scared.
- Antialias, on 12/26/2008, -2/+7I know you're joking, but there are plenty of stock sites where you can buy any fraction of a share you like, www.sharebuilder.com is one example.
- zydeco, on 12/27/2008, -0/+5But I'm talking about the ads themselves.
I think most people can distinguish the ads from the search results on a typical Google page, right? Do you mean to tell me Google's BILLIONS of dollars in yearly revenue comes from intensely dumb people that are clicking the links under "Sponsored Links", thinking that's going to get them to the page they wanted? - int19h, on 12/26/2008, -0/+5Backup your Gmail now! ;)
- thejokker, on 12/26/2008, -1/+6yeah i dont think their stock price dropping means they are going out of business.
- haterrade, on 12/26/2008, -1/+5Yeah I guess the past year of financial collapse didn't really signify anything...
- HarChim, on 12/26/2008, -1/+5Yea, I wish it was easier to buy stocks.
- mishaco, on 12/26/2008, -1/+5there is plenty of stock worth loads more than $300 . berkshire hathaway stock is down now and ready to be bought up at the bargain price of $93400.
- inactive, on 12/26/2008, -0/+4Welcome to the internet!
- pw378, on 12/26/2008, -1/+5Yahoo! went from high of $384 (split adjusted) at the peak down to $12 at the end of the bubble. Not quite the same as going from a peak of $700 down to $300.
If you just mean this year, then refer to Chupavacas's post above for an easy explanation.
As the markets recover, Google's stock will rise like a demon on steroids. - krnldmp, on 12/26/2008, -0/+4If just one person cashed out on that it would be all sold in a week.
- OrangeTide, on 12/26/2008, -0/+3well during deflation it can be safer to liquidate.
- inactive, on 12/26/2008, -0/+3Uhh, no.
- pw378, on 12/26/2008, -1/+4Stocks with higher risk and reward always fall faster and farther, but when things are good, they also climb faster and higher.
- Craig304958, on 12/27/2008, -0/+3Midnitte - overproduction of what? Hamburgers?
- gooberdude, on 12/27/2008, -1/+4I hope you're referring to the P/E ratio google had at $700, and not just the number $700 alone. The price of a single share has nothing to do with the value of a company, some companies just prefer not to do stock splits as their earnings and stock prices rise.
- jwolcott, on 12/26/2008, -0/+3everytime you open your mouth, whether you think you're speaking facts or not, people lose brain cells.
- IEatHamburgers, on 12/27/2008, -0/+3Well if you want to be technical about it, they run *aground* at low tide. The trick is to have an intact hull so your boat doesn't sink at high tide :)
- Midnitte, on 12/26/2008, -1/+3Your thinking this recession is the same as the great depression, glad you've learned your history lessons. The problem isn't from buying on margin; its from over production, low consumption, and the train crash known as the house industry.
- mj1903, on 12/26/2008, -0/+2Benjamin wouldn't approve unless the stock was trading at least 50% below asset value. Buffett on the other hand would be getting closer to purchasing if the stock was in his area of expertise.
- Renian, on 12/26/2008, -0/+2Actually, I'm pretty sure Benjamin Graham stated that it needs to be at a P/B ratio of .66, not .50.
Damn right on the second part though. Buffett plays bridge with Bill Gates all the time and still doesn't buy Microsoft stock, because he doesn't get IT-related stuff.
Nevertheless, Graham also stated that the P/E ratio should be 15 or less. - aviazn, on 12/26/2008, -2/+4How so? The recession began in December 2007, according to the National Bureau of Economic Research, which is the accepted standard for these sorts of measurements. GOOG's all time high was on Dec 7, 2007.
http://news.yahoo.com/s/ap/20081201/ap_on_bi_ge/re ...
http://finance.google.com/finance?client=ob&q= ... - JordanTW90, on 12/28/2008, -0/+2You own the same amount of Google either way.
- gravityboard, on 12/27/2008, -0/+2I see I wasn't the only one not paying attention during the transitive property in High School geometry
- WolfHook, on 12/26/2008, -1/+3I think Mark makes a good point. Some people even think the internet is just Google and know nothing of how actual websites function, or that there are actually computers/servers hosting files.
Never under estimate ignorance and stupidity. - GeorgeStone2, on 12/28/2008, -0/+2That's just dumb.
- inactive, on 12/26/2008, -0/+2Anti: is that legit? How are voting rights handled? ie. can a fractional shareholder vote?
Interesting concept though.. -
Show 51 - 87 of 87 discussions
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