freakyguy666

Earnings Preview: Will Google Perform?

I agree with the comments above. I would also add that the blogger doesn't mention any of the recent positives: a) the increased market share in March, b) the fact that nearly 50% of their revenues come from international business, which by most accounts is growing much faster than US, and c) the protracted Yahoo/MSFT/AOL deal just gives Google that much more stability in the eyes of advertisers, not to mention the fact that these types of acquisitions take a loooong time to finalize and will be a distraction for the companies' management and likely allow Google to take advantage.

With regard to the stock price, it should be noted that the current Estimates have been slashed significantly and GOOG is STILL trading at a forward P/E of 18.5 with a 30% growth rate. Not too much downside unless you think Google management is just plain stupid. Not a good bet, imo.