正文
Even after today\'s drop, GOOG is trading at $340/share, or over $100B market cap, or more than 5 times of its 2007 revenue projection.
Whatevevr analysts say about GOOG, this is a MEDIA company which depends heavily on consumer spending. By comparison, Disney is trading close to 1x of its revenue. Forget about earning per share, that is often deceiving. Ask yourself: can you justify a company trading more than 5x of its revenue?
A fair price for a media company, and for any company, should never be more than 1x of its revenue. Even at 2x of its revenue, GOOG should not worth more than $32B as a whole, or $112/share!
The Google Bubble will be bursted.
Whatevevr analysts say about GOOG, this is a MEDIA company which depends heavily on consumer spending. By comparison, Disney is trading close to 1x of its revenue. Forget about earning per share, that is often deceiving. Ask yourself: can you justify a company trading more than 5x of its revenue?
A fair price for a media company, and for any company, should never be more than 1x of its revenue. Even at 2x of its revenue, GOOG should not worth more than $32B as a whole, or $112/share!
The Google Bubble will be bursted.
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