Hashemian Blog Huh? What? Saturday, December 17, 2005 Google's irrational exuberance  Who's market cap is greater than eBay and Yahoo combined, greater than six time that of Amazon, greater than Cisco's, nearly twice that of Dell's, and just about half of Microsoft's? Google, of course. In one of the pages of my book, under the Fundamental Analysis section, I write: "Ask yourself whether the company deserve a market cap of x dollars." Well, I asked myself whether Google deserves a market cap of nearly $130 billion, I just can't make a case. On his radio show last night, Jim Cramer, was predicting even higher values for Google, essentially encouraging his listeners to buy Google shares. Talk about a case of irrational exuberance. No, I am not slamming Google. I love the company, just not its stock right now. I realize how innovative it is and how the possible deal with AOL could give it a nice boost. But this has now reached the too-good-to-be-true level and when that happens, a sobering correction could be around any corner. I am not predicting doom and gloom for Google. It has too much momentum now to quickly surrender to gravity. Who knows? It could continue its rise for a long time surprising even the optimists like Cramer. But even if does so, it wouldn’t change the fact that the stock has gotten too lofty and that the traders have now entered the speculative zone vis-à-vis Google. google,aol,market cap,stock <Google's irrational exuberance> // posted by rh 0 comments | 0 Comments: Post a Comment

Links Technorati Profile TMCnet.com ARCHIVES 09/01/2003 - 10/01/2003 03/01/2004 - 04/01/2004 04/01/2004 - 05/01/2004 05/01/2004 - 06/01/2004 06/01/2004 - 07/01/2004 07/01/2004 - 08/01/2004 08/01/2004 - 09/01/2004 09/01/2004 - 10/01/2004 10/01/2004 - 11/01/2004 11/01/2004 - 12/01/2004 12/01/2004 - 01/01/2005 01/01/2005 - 02/01/2005 02/01/2005 - 03/01/2005 03/01/2005 - 04/01/2005 04/01/2005 - 05/01/2005 05/01/2005 - 06/01/2005 06/01/2005 - 07/01/2005 07/01/2005 - 08/01/2005 08/01/2005 - 09/01/2005 09/01/2005 - 10/01/2005 10/01/2005 - 11/01/2005 11/01/2005 - 12/01/2005 12/01/2005 - 01/01/2006 01/01/2006 - 02/01/2006 02/01/2006 - 03/01/2006 03/01/2006 - 04/01/2006 04/01/2006 - 05/01/2006 05/01/2006 - 06/01/2006 06/01/2006 - 07/01/2006 07/01/2006 - 08/01/2006 08/01/2006 - 09/01/2006 09/01/2006 - 10/01/2006 10/01/2006 - 11/01/2006 11/01/2006 - 12/01/2006

هاشمیان.com

 Home

 Blog

 Web Tools
Usage

 News

 Articles

 FAQ

 About

 Contact

 Financial Markets Book
Read Complete Book

BOOK
What Would Google Do? LP
Jeff Jarvis
$26.99

BOOK
Ultimate Guide to Google Ad Words, 2nd Edition: How To Access 100 Million People in 10 Minutes
Bryan Todd
$24.95

BOOK
Advanced Web Metrics with Google Analytics
Brian Clifton
$39.99

BOOK
Inbound Marketing: Get Found Using Google, Social Media, and Blogs (The New Rules of Social Media)
Dharmesh Shah
$24.95

BOOK
Google SketchUp for Site Design: A Guide to Modeling Site Plans, Terrain and Architecture
Daniel Tal
$49.95

|googles-irrational-exuberance|

more…