Jim Goldman posted a nice article over at CNBC today titled “Google’s “Damaged” Shares: Can They Regain High Ground?“. Its a nice, quick read that lays out everything Google has going for it despite what the critics say.
His thought is that Google’s stock doesn’t deserve the recent beating that it has taken. Last year Google stock (GOOG) traded for as high as $750/share. Today, its hovering just below $550/share. Goldman thinks that unless Google comes out with negative news or a negative outlook in tomorrow’s earnings announcement, the stock should be in a good position to make up some lost ground going forward. The article is a nice read, I recommend taking a look at it if you own Google or are interested in what type of business they are building.
on Jan 30th, 2008 at 8:40 pm
Hey Travis,
Interesting post. The crazy thing about GOOG is they can suddenly be up 200 points in just a few trading sessions with no real news out there.
Thanks for visiting my blog earlier today. I’ll check back on yours too!