Banned from P+R
- Jun 23, 2005
- Reaction score
I think GOOG/L is a buy at this point, and I'm considering adding a little more, even though I'm in the same boat as you in that it would violate my diversification principles. It seems inevitable that it's going to be a dominant force for a long time. I wouldn't commit to a price target, but I think it's pretty well protected against getting much lower.
It looks like GOOG/L missed on revenue and earnings, but beat on ad revenue which was the big concern so it's up today or recovering some of the losses it had in the lead up to earnings.
The revenue miss was still an over 13% YOY increase which is still higher than the 12.5% growth rate I used in my model for them.