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Good-bye Google!

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15

November 24, 2008 – Comments (5) | RELATED TICKERS: GOOGL

Closed! 

Ok, so I closed it neutral in CAPS (score +3) even though it lost a whopping 40.13%!!!!!!!

Funny thing is I don't think it is such a bad pick now... I would never rant about it at today's valuation like I did when I first under performed it about 2 years ago.

The income has at least doubled since then and it is down 40% so it certainly has caught up to itself.

5 Comments – Post Your Own

#1) On November 24, 2008 at 7:23 PM, DemonDoug (78.88) wrote:

hey deb... c'mooooooon... green thumb it... you know you want to... 20B in cash, 0 debt, leader in a growing market, great products, branching into mobile with good success....

you can do it! I know you can!

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#2) On November 24, 2008 at 8:34 PM, anchak (99.84) wrote:

this is a seminal post from Dwot........

Folks.....not a market bottom....but a clear pointer to value.

I love Google.....I have it on CAPS as a green.....and not because I understand their business model tooo much or anything ( the balance sheet piece is obvious - but then again you would expect that).....I know a few people who work there - and all of them are - lets say , if they walk into a room , the avg IQ goes up a few notches....and they are happy and excited. Tells you something!

If only I could  raise some cash quickly!

 

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#3) On November 25, 2008 at 2:16 PM, dwot (42.85) wrote:

Whew, got out of that underperform just in time....

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#4) On November 25, 2008 at 2:18 PM, dwot (42.85) wrote:

Doug, I don't believe a growth market anymore, I think this one is mature now.

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#5) On November 25, 2008 at 10:30 PM, rocksnot (28.87) wrote:

dwot, would you mind giving some color to that "I don't believe a growth market anymore, I think this one is mature now" statement?  Maybe in a future blog post?  That's a pretty unique view for online advertising.

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