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Apr 19th, 2011
Apr 19th, 2011
When a Few Cents Make Big Dollars Disappear: Google
This past week Google (GOOG) reported earnings of a healthy $8.08 per share–except that the consensus expectation was $8.10 per share.
And as a result of missing those two cents, the stock dived 8.26%–$47.81 per share–on Friday.
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To me, as a Google shareholder who keeps buying in, I consider this a buying opportunity. I believe long term this stock will do just fine.
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as far as goog being a long term buy, i would be a little cautious because of the FTC investigations. They are pretty close to having a monopoly in search.
Goog is a very innovative company and i can see them doing well for a long time, but right now they are doing too well. (especially compared to their competitors)
I am huge Google fan and also reconsidering the idea of becoming a google shareholder
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