Friday, August 20, 2004
"Don't take away my Suburban Shine..."
Uuttered on the corner of Hollywood and Cherokee last night by a crack head and her assistant. )
Regarding the article in the street.com this morning after google's stock price sailed to over a c-note..
http://www.thestreet.com/tech/georgemannes/10179016.html
Google defies low expectations?
Besides financial statements, am I missing something or have we just learned nothing from the dot com craze?
The media focus on Google over the last few weeks fixates on the SEC “Quiet Period,” Auction procedures aligned with the IPO launch, and Google’s initial market correction on the eve of going public. Now the whisper is how high will this stock go?
Being pre-occupied with these details ignores the big fat elephant in the studio apartment. Have we learned nothing from the stock market valuations and shameless self-promoting underwriters of the dot-com crazed Nineties?
The primary focus should be: how does this company make cash? Certainly a GE that is priced in the $30 dollar range can account for what cash they produce. Even Yahoo (someone please explain to me in dollar terms the real difference between this company and Google) treads around the same $3o dollar range. But $100 bucks a share for a company that has never disclosed financial statements to the public? Does the investing public seriously believe this Company can sustain such a stock price in this or any economic environment?
The investing public is spoon-fed a big glob of disservice when the press does not make financial operations of the Company the core focus. Sitting on the sidelines and watching a train wreck about to happen and being experts in market value are surely at odds. Sure Google may be the most used search engine on the planet, but YKK zippers are probably be the most used zippers on the planet and I don’t they’re stock is valued in the $100 dollar range.
Uuttered on the corner of Hollywood and Cherokee last night by a crack head and her assistant. )
Regarding the article in the street.com this morning after google's stock price sailed to over a c-note..
http://www.thestreet.com/tech/georgemannes/10179016.html
Google defies low expectations?
Besides financial statements, am I missing something or have we just learned nothing from the dot com craze?
The media focus on Google over the last few weeks fixates on the SEC “Quiet Period,” Auction procedures aligned with the IPO launch, and Google’s initial market correction on the eve of going public. Now the whisper is how high will this stock go?
Being pre-occupied with these details ignores the big fat elephant in the studio apartment. Have we learned nothing from the stock market valuations and shameless self-promoting underwriters of the dot-com crazed Nineties?
The primary focus should be: how does this company make cash? Certainly a GE that is priced in the $30 dollar range can account for what cash they produce. Even Yahoo (someone please explain to me in dollar terms the real difference between this company and Google) treads around the same $3o dollar range. But $100 bucks a share for a company that has never disclosed financial statements to the public? Does the investing public seriously believe this Company can sustain such a stock price in this or any economic environment?
The investing public is spoon-fed a big glob of disservice when the press does not make financial operations of the Company the core focus. Sitting on the sidelines and watching a train wreck about to happen and being experts in market value are surely at odds. Sure Google may be the most used search engine on the planet, but YKK zippers are probably be the most used zippers on the planet and I don’t they’re stock is valued in the $100 dollar range.
# posted by DH @ 6:44 AM 
