Google Valued at 80.82 Billion

Yahoo! ^

[Asphalt]

According to Yahoo Finances, and the Drudge Report, a search engine is now worth more than TimeWarner. Something seems fishy.

[discostu]

Yeah about a 1 1/2 years ago Yahoo decided that was really embarassing and dropped it, but for most of the 2000s prior to then Yahoo was actually powered by the Google search engine, they still did their own gathering of information on websites and set their own weighing scheme but the actual search itself was Google. Here's an old article about it:
http://searchenginewatch.com/sereport/article.php/2165081

[Mark was here]

Too many dollars chasing too few stocks, but what the heck the old rules don't matter any more...

Goggle stock is like a baseball card everyone wants, but once someone notices it's only a baseball card, the price will more accurately reflect it's long term earning potential.

Just my casual input.

[hershey]

Crikey!

[reagan_fanatic]

Agreed. You'd have to be an IDIOT to buy stock in this company. $80b my ass!

I guess the '90s taught us nothing.

[durasell]

The "real assets" of any company are the people. Kinda give you pause, huh? The assets of every company in the country walks out the door every day at five to get into a metal box with a controlled explosion in front and highly combustible liquid in the back that hurtles them down the road at 60 mph. Seems like a dicey propostion to me.

[ex-Texan]

You had better dump Google soon. Sooner is way better than later. Someday people will wake up and realize this Goooggly search engine (even with their software and computer systems) is NOT worth diddly squat. Drudge has a point. Google is not a bricks and morter company, does not manufacture anything and is way over valued. Google is hot air filling a huge empty bubble. That sucking sound you hear is wind being sucked out of vacuous investment advisers who recommended Goooooogggllly.

[Petronski]

SELL

[Deguello]

"the '90s taught us nothing."

That you can sell out an buy your own NBA team so that you will have someone to play basketball with?

[joesnuffy]

They must be paying out some serious dividends eh?

[Koblenz]

Wall Street Analysts predict that in FY06, Time Warner will have sales of $46.2 billion and earnings of $0.90 per share. Time Warner has 4.69 billion shares outstanding.

Analysts project Google will have sales of $5.03 billion and earnings of $6.60 per share. Google has 277.78 million shares outstanding.

So next year, WS analysts think that TW will have profit of $4.221 billion and Google will have $1.83 billion. But Google is clearly ramping up faster than Time Warner... Google has a market cap slightly higher than Time Warner...

[Bobalu]

Talk about overvalued!
I like Google but 80B is just ridiculous

[ChadGore]

Irrational Exuberance.

[Sonny M]

You had better dump Google soon. Sooner is way better than later. Someday people will wake up and realize this Goooggly search engine (even with their software and computer systems) is NOT worth diddly squat.

Doesn't matter, I bought it at a low enough price that the stock could tank tomorrow, and I'd still make a big profit.

I'm waiting to see some dropping before I'll unload it.

[Sonny M]

SELL

When it drops, not while its going up.

I very far ahead from what I've paid for it to bother selling it now.

[Asphalt]

how the crap does that work?

[Asphalt]

yes

[Asphalt]

hehe

[Publius6961]

Google Valued at 80.82 Billion...

I am amused.
Something is worth no more than someone is willing to pay for it. If there is an idiot who would pay $80.82 Billion, more power to him, and more stimulus to the economy

[joltinjoe]

One analysis:

P/E ratio=Price/EPS, so you can work backwards to figure a price.

The PE ratio now based on earnings of $3 is 100, but analysts are estimating $5/share and whispering $7/share. If that PE ratio falls to say 50 which is high, (but not that high for a growth company), then the price at $5 earnings would be 5x50=$250, at earnings of $7/share the price is 7x50=$350 value. You can imagine the price if the PE ratio is 66 or 70.

[Tribune7]

According to Yahoo Finances, and the Drudge Report, a search engine is now worth more than TimeWarner. Something seems fishy.

LOL. Remember when was AOL TimeWarner.