Google: The One Stock Bubble
How do you embrace a stock that has more than tripled in 10 months and cracked the $300-a-share barrier?Investment banks are still all over this stock.
We at Catablast! are similarly infatuated with it.
And why not?
Analysts are a funny bunch -- as soon as one of them is right with his or her prediction, the rest follow suit.
Talk about herd mentality.
Google is making money hand over fist, true.
But why is it beginning to feel like 1999 all over gain?
Ever notice that whatever an analyst says, the stock rockets higher?
Valuation-wise, Google is bigger than eBay and Yahoo - combined.
Scary thought.
How long has Google been around again?
Seven years!
Does that make sense?
Kind of.
Internet advertising revenue is rising by as much as 40 percent a year - a trend sure to benefit Google.
An analyst @ CSFB thinks that even at its current price, Google is still worth buying, noting the company's aggressive moves to extend its "core search business."
The facts again:
Google is imbricated smack dab in the middle of a 10 Billion dollar industry called online advertising.Something is clicking, no?
Google virtually owns it.
Traditional mega companies are re-locating their advertising dollars and Google's reaping all the benefits.
The most amazing aspect of the Google phenomenon is not the stock price, which is expensive but not outrageous.
The most amazing aspect is performance.
Only seven years old, Google is generating about a third as much cash as media giant TWX.
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