Friday, July 19, 2013

My first boss on Wall Street (and a long-time friend ever since), Archie Smith, used to say “What do you want, egg in your beer?” when faced with situations where people just didn't seem to be appreciating what they were getting. The expression made no sense to me then, nor does it now, but I do understand the frustration that fueled it. Google (Nasdaq:GOOG) is an enormous company ($14 billion in quarterly gross revenue) still growing at a 20% clip, but investors and analysts hen-peck the company for its ongoing investments into future sources of growth and the prospects for declining margins in the future. While the shares don't seem terribly cheap today, this is not a company that I'd underestimate today.

Read more here:
http://www.investopedia.com/stock-analysis/071913/google-building-bigger-future-goog-msft-aapl-ebay.aspx

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