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April 18, 2008
Google Rakes It In
Despite all the doom and gloom predictions, Google announced HUGE profits yesterday. Investors who have been selling Google down for the past week, now have to watch as the stock climbs 17% in a day! That's what happens when you let "analyst" influence your decisions. All those shorts are really hating Google right about now. I'm just surprised that investors aren't punishing Google for relying on international revenue to increase profits.
That's exactly what big investors do when a company ventures outside its core business. Just look at what happened to Apple when when revenue from the iPod exceeded revenue from Mac sales. The "analysts" felt that Apple was losing focus of its core business and sold them down as a result. Since then, Apple stock has split twice and is currently selling at $161.00 a share.
If you had bought and held Apple stock at $16 a share (near it's lowest point before Steve Jobs returned) your stock today would be worth a split-adjusted $644 a share.
Posted by MD Wong at 13:36:46
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