Quote:
Originally posted by Rolo@Jun 9 2005, 01:39 PM
http://news.com.com/Wall+Street+still+love..._3-5737630.html
Good article on the Google stock, however I do not think its fair to compare Google with the other large media companies. IMO, Google is a technology company, which should be compared with Microsoft... well atleast that is the only comparison that will give hope to those who are buying Google stocks now 
|
It reads like all the articles in the 90s about stocks that might actually deserve to have a PE of more than 100.
Oh, Google is an excellent company but let's not forget that despite being a great company Yahoo has lost more than 2/3 of its value since 2000. That for a company with earnings growth of more than 40% per year for the past half decade.
People are being, mmmm, excuse me ... irrationally exuberant about this stock.