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Profiting from Google GOOG
- Thread starter WaySolid
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Re: Profiting from Google
Anyone noticed GOOG??? Its starting to look strong again and so does the DOW. I think oil is going to drop and to me it looks like GOOG is set to shoot up again.
I am quite excited about it because I think it could be a goer.
Market, Wayne and anyone else who might think I'm right/wrong, opinions would be appreciated.
Anyone noticed GOOG??? Its starting to look strong again and so does the DOW. I think oil is going to drop and to me it looks like GOOG is set to shoot up again.
I am quite excited about it because I think it could be a goer.
Market, Wayne and anyone else who might think I'm right/wrong, opinions would be appreciated.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: Profiting from Google
I reckon it could be good for a $10-$20 upswing...it is sitting smack bang on the 50MA and looks like it wants to bounce off of it. Could be a buy on that basis this evening.
I'm a bit skeptical past that, but nothing in this market is rational, so who knows. The analists are trotting out amazing price targets...it's just like 1999-2000 all over again!
DTM said:
I reckon it could be good for a $10-$20 upswing...it is sitting smack bang on the 50MA and looks like it wants to bounce off of it. Could be a buy on that basis this evening.
I'm a bit skeptical past that, but nothing in this market is rational, so who knows. The analists are trotting out amazing price targets...it's just like 1999-2000 all over again!
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: Profiting from Google
GOOG - $10 range today...all to the upside.
Poked it's head above both 20 & 50 MA. Time to make that run for $350,000 per share. (or whatever the latest and silliest analysts target is
)
GOOG - $10 range today...all to the upside.
Poked it's head above both 20 & 50 MA. Time to make that run for $350,000 per share. (or whatever the latest and silliest analysts target is
)
WaySolid
Learner
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Re: Profiting from Google
Yahoo are beta testing their click through advertising system at the moment in the US, and getting some very good reviews.
Seeing as Goog take a large % of their profit from 'ads from goooooogle' this development is one worth following closely.
Yahoo are beta testing their click through advertising system at the moment in the US, and getting some very good reviews.
Seeing as Goog take a large % of their profit from 'ads from goooooogle' this development is one worth following closely.
RichKid
PlanYourTrade > TradeYourPlan
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Re: Profiting from Google
Has Google Peaked?
Potential obstacles for the world's hottest tech company.
By Adam L. Penenberg
Adam L. Penenberg is an assistant professor at New York University and assistant director of the business and economic reporting program in the school's department of journalism.
http://slate.msn.com/id/2127758/
Interesting article for those following this stock.
Has Google Peaked?
Potential obstacles for the world's hottest tech company.
By Adam L. Penenberg
Adam L. Penenberg is an assistant professor at New York University and assistant director of the business and economic reporting program in the school's department of journalism.
http://slate.msn.com/id/2127758/
Interesting article for those following this stock.
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Google GOOG
WASHINGTON (Reuters) - Google Inc's decision to block politically sensitive terms on its new Chinese search site has drawn the scrutiny of U.S. lawmakers, who next month will probe American technology companies that help Beijing's censors.
Representatives from Google and other Internet companies have been called to a Congressional Human Rights Caucus hearing on Wednesday and to a February 16 session of the House of Representatives subcommittee on Global Human Rights.
The hearings follow Google's announcement on Tuesday that the company would block taboo terms in China such as democracy, Tibet, Falun Gong, and not offer e-mail, chat and Web log (blog) publishing services that could be used for political protest.
The moves by lawmakers come as Internet experts are evaluating the effectiveness of the self-censorship, which one Chinese blogger called Google's "eunuch version" -- a reference to the emasculated palace servants of historic China.
Human Rights Subcommittee Chairman Chris Smith, a New Jersey Republican, has invited Google, Yahoo, Microsoft and Cisco, as well as State Department officials and press freedom watchdog groups to the Feb 16. hearing, he said in a statement.
Smith, a frequent critic of China's human rights practices, seized on Google's corporate motto, "Don't be evil," saying in a statement that the firm "would enable evil by cooperating with China's censorship policies just to make a buck."
Smith told Reuters: "The question is not whether companies should be promoting democracy. The real question is should they partner with the secret police in cracking down on dissidents and enabling human rights abuses?"
WASHINGTON (Reuters) - Google Inc's decision to block politically sensitive terms on its new Chinese search site has drawn the scrutiny of U.S. lawmakers, who next month will probe American technology companies that help Beijing's censors.
Representatives from Google and other Internet companies have been called to a Congressional Human Rights Caucus hearing on Wednesday and to a February 16 session of the House of Representatives subcommittee on Global Human Rights.
The hearings follow Google's announcement on Tuesday that the company would block taboo terms in China such as democracy, Tibet, Falun Gong, and not offer e-mail, chat and Web log (blog) publishing services that could be used for political protest.
The moves by lawmakers come as Internet experts are evaluating the effectiveness of the self-censorship, which one Chinese blogger called Google's "eunuch version" -- a reference to the emasculated palace servants of historic China.
Human Rights Subcommittee Chairman Chris Smith, a New Jersey Republican, has invited Google, Yahoo, Microsoft and Cisco, as well as State Department officials and press freedom watchdog groups to the Feb 16. hearing, he said in a statement.
Smith, a frequent critic of China's human rights practices, seized on Google's corporate motto, "Don't be evil," saying in a statement that the firm "would enable evil by cooperating with China's censorship policies just to make a buck."
Smith told Reuters: "The question is not whether companies should be promoting democracy. The real question is should they partner with the secret police in cracking down on dissidents and enabling human rights abuses?"
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michael_selway
Coal & Phosphate, thats it!
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Re: Google
hehe yeah, funny thing i heard is that current PE is like 50+?
any confirmation?
thx
MS
dutchie said:
hehe yeah, funny thing i heard is that current PE is like 50+?
any confirmation?
thx
MS
Re: Google
p/e=95.69
http://money.cnn.com/quote/quote.html?symb=GOOG
this makes it much more expensive than peers eg. yahoo p/e=60 and yahoo's revenue comes from many more sources than google which is predominantly search....
the thing abt google last time it posted earnings Q3 earnings up 7-fold... after such a massive increase, i wonder wat analysts have forecast for this year? if the results then dont meet those expectations, sp could cop it hard...
but there are a few 600+ price targets out there...
its much better 2 look for the next google....
maybe baidu?? biggest internet search provider in china... sp around US50, it reports earnings for Q4 on feb21..
michael_selway said:
p/e=95.69
http://money.cnn.com/quote/quote.html?symb=GOOG
this makes it much more expensive than peers eg. yahoo p/e=60 and yahoo's revenue comes from many more sources than google which is predominantly search....
the thing abt google last time it posted earnings Q3 earnings up 7-fold... after such a massive increase, i wonder wat analysts have forecast for this year? if the results then dont meet those expectations, sp could cop it hard...
but there are a few 600+ price targets out there...
its much better 2 look for the next google....
maybe baidu?? biggest internet search provider in china... sp around US50, it reports earnings for Q4 on feb21..
michael_selway
Coal & Phosphate, thats it!
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Re: Google
hehe yeah, actually Current P/E is 75.4, maybe the 95.69 was based on FY Dec 2004. Man no wonder US are crazy! Thats why the Dow and Nasdaq still havent recovered from their all time highs in 2000.
http://money.cnn.com/data/earnings/profiles/GOOG.html?symb=GOOG
nizar said:
hehe yeah, actually Current P/E is 75.4, maybe the 95.69 was based on FY Dec 2004. Man no wonder US are crazy! Thats why the Dow and Nasdaq still havent recovered from their all time highs in 2000.
http://money.cnn.com/data/earnings/profiles/GOOG.html?symb=GOOG
RichKid
PlanYourTrade > TradeYourPlan
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Re: Google
See the chart work here http://www.humblemoney.com/?cat=10 on Google. It's a blog by one of our members, if my guess is correct.
See the chart work here http://www.humblemoney.com/?cat=10 on Google. It's a blog by one of our members, if my guess is correct.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: Google
Yes it is.
BTW GOOG has traded as low as $350 in the afternarket after reporting.
I wonder what those folks who reckoned $600 are thinking
RichKid said:
Yes it is.
BTW GOOG has traded as low as $350 in the afternarket after reporting.
I wonder what those folks who reckoned $600 are thinking
websman
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Re: Google
They're probably thinking about diving off of a building head first about right now.
wayneL said:Yes it is.
BTW GOOG has traded as low as $350 in the afternarket after reporting.
I wonder what those folks who reckoned $600 are thinking
They're probably thinking about diving off of a building head first about right now.
michael_selway
Coal & Phosphate, thats it!
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Re: Google
http://www.smh.com.au/articles/2006/02/01/1138590537942.html
Google fails to deliver perfection
Email Print Normal font Large font February 1, 2006 - 11:17AM
Google shares fell as much as 19 per cent today after the web search company widely missed Wall Street earnings targets for the first time since its 2004 float.
An 82 per cent rise in net income and an 86 per cent lift in sales was not enough for investors and anaylsts who were expecting an even better earnings result to justify the company's stellar share price.
"Its valuation means it's priced for perfection and perfection was not delivered this quarter," said Tim Ghriskey, chief investment manager at Solaris Asset Management.
Google's share price has more than doubled in the past year and risen more than 40 per cent since its last quarterly report.
Net income rose to $US372.2 million, or $US1.22 a share, from $US204.1 million, or 71 cents, a year earlier, Google reported. Profit, excluding one-off items, was $US1.54 a share, short of the market's $US1.78 predictions .
Revenues rose 86 per cent to $1.92 billion, meeting estimates. But in its prior five quarters as a public company, Google has beaten the revenue expectation by around 5 to 8 per cent.
The result ended Google's uninterrupted streak since its August 2004 public offering of topping Wall Street quarterly profit expectations by at least 10 per cent.
Google shares were trading at $US379.00 in late after hours trade, down about 12 per cent, slicing roughly $US15 billion ($A19.7billion) from a market capitalisation that was about $US126 billion at the close of trading on Tuesday.
Google is the second big internet company to be hit by what analysts see as underperformance.
Last month, Yahoo's shares slid by 13 per cent after the company posted disappointing results that reflected weak search advertising and higher operating costs.
Google has become a Wall Street darling as well as a household word as its internet services have become synonymous with web search and analysts have set price targets at levels last seen for tech companies during the dot-com era.
Google Chief Financial Officer George Reyes said that December spending had been weak in some parts of Britain, a key market, and the stronger US dollar cut the value of foreign revenue, which would have been 2.1 per cent higher in the fourth quarter if exchange rates were constant.
Google said that because the portion of total expenses allocated to its international operations was greater than it expected, more of its profits were taxed at a higher domestic rate, taking the quarterly tax rate to 41.8 per cent.
The company's 2005 tax rate was 31.6 per cent, while Google had previously targeted about 30 percent for the year.
On a conference call to discuss results, Google Chief Executive Eric Schmidt said that the company plans to invest significantly its capital spending this year, with most of it focused on servers, networking equipment and data centers, as well as real estate.
"We are going to invest for the long term and make some really big bets," Schmidt said on the call. Revenue growth forecasts had varied between 72 per cent and 99 per cent. Virtually all Google's revenue comes from sales of web search-related advertising.
Revenue, excluding traffic acquisition costs of $US629 million, was $US1.29 billion, nearly double the $US642 million in revenue net of such costs it reported in the year-earlier fourth quarter.
Traffic acquisition costs refer to revenue that Google passes along to hundreds of affiliates, most importantly Time Warner's America Online, which rely on Google's search system to serve up advertisements on their own sites.
Google-owned sites generated $US1.10 billion, or 57 per cent of revenue. Google network revenue - sales through its AdWords network of affiliated sites - was $US799 million.
One-time items include a $US90 million donation to the Google Foundation and $US58 million in stock compensation charges, the company said.
Meanwnhile, US stocks, bonds and the dollar fell on Tuesday after the Federal Reserve raised interest rates as expected and stopped short of ruling out further moves.
Fund buying lifted gold to a new 25-year peak and silver to its highest in 22 years as firm oil prices and political concerns focusing on Iran and the Middle East boosted the safe- haven appeal of precious metals.
Interest rate jitters caused both the Nasdaq and the S&P 500 to snap a three-day winning streak, while the Dow registered its second straight day of losses.
agencies
websman said:
http://www.smh.com.au/articles/2006/02/01/1138590537942.html
Google fails to deliver perfection
Email Print Normal font Large font February 1, 2006 - 11:17AM
Google shares fell as much as 19 per cent today after the web search company widely missed Wall Street earnings targets for the first time since its 2004 float.
An 82 per cent rise in net income and an 86 per cent lift in sales was not enough for investors and anaylsts who were expecting an even better earnings result to justify the company's stellar share price.
"Its valuation means it's priced for perfection and perfection was not delivered this quarter," said Tim Ghriskey, chief investment manager at Solaris Asset Management.
Google's share price has more than doubled in the past year and risen more than 40 per cent since its last quarterly report.
Net income rose to $US372.2 million, or $US1.22 a share, from $US204.1 million, or 71 cents, a year earlier, Google reported. Profit, excluding one-off items, was $US1.54 a share, short of the market's $US1.78 predictions .
Revenues rose 86 per cent to $1.92 billion, meeting estimates. But in its prior five quarters as a public company, Google has beaten the revenue expectation by around 5 to 8 per cent.
The result ended Google's uninterrupted streak since its August 2004 public offering of topping Wall Street quarterly profit expectations by at least 10 per cent.
Google shares were trading at $US379.00 in late after hours trade, down about 12 per cent, slicing roughly $US15 billion ($A19.7billion) from a market capitalisation that was about $US126 billion at the close of trading on Tuesday.
Google is the second big internet company to be hit by what analysts see as underperformance.
Last month, Yahoo's shares slid by 13 per cent after the company posted disappointing results that reflected weak search advertising and higher operating costs.
Google has become a Wall Street darling as well as a household word as its internet services have become synonymous with web search and analysts have set price targets at levels last seen for tech companies during the dot-com era.
Google Chief Financial Officer George Reyes said that December spending had been weak in some parts of Britain, a key market, and the stronger US dollar cut the value of foreign revenue, which would have been 2.1 per cent higher in the fourth quarter if exchange rates were constant.
Google said that because the portion of total expenses allocated to its international operations was greater than it expected, more of its profits were taxed at a higher domestic rate, taking the quarterly tax rate to 41.8 per cent.
The company's 2005 tax rate was 31.6 per cent, while Google had previously targeted about 30 percent for the year.
On a conference call to discuss results, Google Chief Executive Eric Schmidt said that the company plans to invest significantly its capital spending this year, with most of it focused on servers, networking equipment and data centers, as well as real estate.
"We are going to invest for the long term and make some really big bets," Schmidt said on the call. Revenue growth forecasts had varied between 72 per cent and 99 per cent. Virtually all Google's revenue comes from sales of web search-related advertising.
Revenue, excluding traffic acquisition costs of $US629 million, was $US1.29 billion, nearly double the $US642 million in revenue net of such costs it reported in the year-earlier fourth quarter.
Traffic acquisition costs refer to revenue that Google passes along to hundreds of affiliates, most importantly Time Warner's America Online, which rely on Google's search system to serve up advertisements on their own sites.
Google-owned sites generated $US1.10 billion, or 57 per cent of revenue. Google network revenue - sales through its AdWords network of affiliated sites - was $US799 million.
One-time items include a $US90 million donation to the Google Foundation and $US58 million in stock compensation charges, the company said.
Meanwnhile, US stocks, bonds and the dollar fell on Tuesday after the Federal Reserve raised interest rates as expected and stopped short of ruling out further moves.
Fund buying lifted gold to a new 25-year peak and silver to its highest in 22 years as firm oil prices and political concerns focusing on Iran and the Middle East boosted the safe- haven appeal of precious metals.
Interest rate jitters caused both the Nasdaq and the S&P 500 to snap a three-day winning streak, while the Dow registered its second straight day of losses.
agencies
A $15.75 (4.07%) rise to $402.92 last night has taken the Google sp above the 50 day MA. This breakout from consolidation at the 200 day MA is a bullish signal.
http://www.thebulltrader.com/2006/06/21/goog-50dma-breakout/
It looks like all the director/employee selling is finally over. It was this offloading of millions of stock that had suppressed the sp in recent weeks.
With possible further positive earnings results to be released in July, this could well mean a push to the previous record high of $475.11. The current average target price of 27 analysts is $500!
http://tools.thestreet.com/tsc/quotes.html?symb=GOOG&pg=analyst
A great 2Q result that beats analysts' estimates could push the sp over $470-480. Don't forget that the GOOG sp rose from $300 to $420 (40%) in only 5 weeks back in October 2005.
As I post this the sp is $402.33, having touched $406 just after opening.
http://www.thebulltrader.com/2006/06/21/goog-50dma-breakout/
It looks like all the director/employee selling is finally over. It was this offloading of millions of stock that had suppressed the sp in recent weeks.
With possible further positive earnings results to be released in July, this could well mean a push to the previous record high of $475.11. The current average target price of 27 analysts is $500!
http://tools.thestreet.com/tsc/quotes.html?symb=GOOG&pg=analyst
A great 2Q result that beats analysts' estimates could push the sp over $470-480. Don't forget that the GOOG sp rose from $300 to $420 (40%) in only 5 weeks back in October 2005.
As I post this the sp is $402.33, having touched $406 just after opening.
wayneL
VIVA LA LIBERTAD, CARAJO!
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There’s been some great news lately from Google…
Less than a month away from its 2Q profit announcement (expected between July 19-27), yet another Microsoft executive has departed for Google. Vic Gundotra, former general manager for platform evangelism and a 15-year Microsoft employee, will be joining Google. Departures are watched closely in this industry, particularly when they involve Google, as a possible sign of a shifting balance of power.
Yesterday, Google unveiled its long-anticipated service for helping consumers make purchases online, setting up a potential rival to eBay’s popular PayPal system.
Called Google Checkout, the service holds consumers' credit card numbers and account information for a "one-click" shopping experience at participating retailers. This means shoppers won't have to spend time entering such information at every online store where they buy something.
I visited the Google Checkout homepage and their “Find it with Google. Buy it with Google Checkout.” slogan summed it up. This new product from Google makes it a one-stop shop for online buyers.
Pundits have described the long-rumored service as a potential PayPal killer. However, there is no doubt that this will take time, seeing as eBay’s PayPal system is the largest of its kind. Critics say that Google faces execution problems if “they add too many things too fast” – referring to the recent spate of new Google offerings. One has said "You can't go on forever throwing mud against the wall to see what sticks. Copycatting is not a business model… I think they may be sorry they did this."
Yes, Google may be ‘spreading itself thin’, but if they can gradually gain market share in these new products (as have been proven to), I will be one happy investor! As many supporters point out, the Google search/advertising franchise was once a new product as well. I commend Google for trying to penetrate new markets and I look forward to the day when these new offerings have largest market share.
Investors liked the sound of this and pushed GOOG stock up nearly 3% to $417.81.
Less than a month away from its 2Q profit announcement (expected between July 19-27), yet another Microsoft executive has departed for Google. Vic Gundotra, former general manager for platform evangelism and a 15-year Microsoft employee, will be joining Google. Departures are watched closely in this industry, particularly when they involve Google, as a possible sign of a shifting balance of power.
Yesterday, Google unveiled its long-anticipated service for helping consumers make purchases online, setting up a potential rival to eBay’s popular PayPal system.
Called Google Checkout, the service holds consumers' credit card numbers and account information for a "one-click" shopping experience at participating retailers. This means shoppers won't have to spend time entering such information at every online store where they buy something.
I visited the Google Checkout homepage and their “Find it with Google. Buy it with Google Checkout.” slogan summed it up. This new product from Google makes it a one-stop shop for online buyers.
Pundits have described the long-rumored service as a potential PayPal killer. However, there is no doubt that this will take time, seeing as eBay’s PayPal system is the largest of its kind. Critics say that Google faces execution problems if “they add too many things too fast” – referring to the recent spate of new Google offerings. One has said "You can't go on forever throwing mud against the wall to see what sticks. Copycatting is not a business model… I think they may be sorry they did this."
Yes, Google may be ‘spreading itself thin’, but if they can gradually gain market share in these new products (as have been proven to), I will be one happy investor! As many supporters point out, the Google search/advertising franchise was once a new product as well. I commend Google for trying to penetrate new markets and I look forward to the day when these new offerings have largest market share.
Investors liked the sound of this and pushed GOOG stock up nearly 3% to $417.81.
Attachments
SBS is screening a documentary about Google tomorrow, 4th July 2006, at 8.30 pm (AEST). Here's a link. Should be interesting.
Cheers, Staybaker.
Cheers, Staybaker.
