Yaser Anwar_

A Close Look At Google's Earnings

Anand-

For every company PE eventually contracts. However, GOOG has lots of growth. Just read their conf. call and you'll see management talking about possibilities in BRIC and more. They are spending lots of money to gain exposure in all key markets, especially India and China, which still have TONS of growth left.

Why would you want them to buyback? Buybacks are for companies who don't have growth! For google that wouldn't be an effective utilization of cash! No way! They sell at 28ish times earnings and according to the leading internet research firm online advertising can easily growth 30% for the next five years! Google is undervalued my friend. I have 20 shares since it was 200, I'm not going to sell! Each time it goes up 50, I buy 20 more. :) You should too.

Sufiy-

Again, FCF and margins are falling because they are spending lots to growth the company. That should be expected, however, they still have good margins and more importantly the market share! MSN Live and Panorama won't be much of a dent in their growth since they are very innovative and I don't see why fund managers won't pay up to 35 times in 08 earnings at least.

Hope this was helpful! Thanks for reading!

Yaser

Google's Private Jet: A (Part-time) Shareholder's Concern

I agree with Doug that as long as its their plane its ok. They are worth more than 10 billion dollars each, so i think they can quarrel over a plane. About the "shareholder concern," i don't think their shareholders worry too much, seen as they have built a phenomenal company & delivered paramount returns to shareholders.

I'm sure if you & even myself, were in their situation with such wealth, we'd be having our own tantrums. Every one does. From Bill Gates to Larry Elison, with the exception of Warren Buffet.

Besides, media likes to overinflate matters. I don't think you should be worried about their 'lack of prespective,' they are doing very well, personally & towards shareholders.

Yaser Anwar
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