I agree. I'm not buying Goog...but I'm also not Shorting a company that earns $1 Billion plus in ever-growing profits each year.
Agreed. I don't short at all - it's a losing gamble. They have a good future, but don't count on their future profits being ever-growing. They are priced like their future growth is guaranteed.
If Google borrowed $20 billion, they would lose money. All their profits, and then some, would be eaten up by the $1 billion a year interest carry.
No matter how you value them - equity, sales, or earnings - they're not worth $80 billion.