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Google shares hit $1,000 after strong earnings

bbc.co.uk

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Re: Google shares hit $1,000 after strong earnings

#161

Post by achllies »

trevmckendrick wrote: post #44

Share price is relatively meaningless. It needs to be paired to total shares outstanding. It's arbitrary by itself because it's a function of shares outstanding and total market value, one of which the company can (relatively easily) control via stock splits.

Share price is hardly meaningless. Most people (correctly, i might add) think in term of relative movement of the share price, since that is the easiest one to track. In fact, as the second line of the article says: "Shares in the giant online search and ads company rose more than 13% to $1,006, and are now up 41% since the start of 2013." Such a big jump in a big company is what makes this really newsworthy.

Re: Google shares hit $1,000 after strong earnings

#163

Post by Spittie »

pacofvf wrote: post #54
JonSkeptic wrote: post #3

I think this is interesting because it matches my user experience with Google products in a very inverted way. Google search has gotten worse and worse lately, forcing me on to other search engines with worse UIs just so that I can get useful results. Youtube UI gets worse every time they update it. They cancelled the RSS reader. The email UI keeps getting worse and featuring more ads. But the stock value hit $1000.…

I hate the new UI for gmail, (mobile and web) is the worst aberration in the history of google UIs. For example for web, now they hide the "from", "cc", "cco" fields, also they moved the reply, reply to all and forward to a drop down menu. The attach, and format buttons now are tiny and moved to the bottom. In the mobile they removed the check-boxes so when you want to select multiple mails you have to keep pressed a…

>In the mobile they removed the check-boxes so when you want to select multiple mails you have to keep pressed a mail until it becomes blue and to select the other mails you have to tap FYI, you can just tap on the email's avatar to select them. Maybe not the simplest interface, but it works well once you get used to it.

Re: Google shares hit $1,000 after strong earnings

#164

Post by dhimes »

skriticos2 wrote: post #156
ChuckMcM wrote: post #137

Earlier quoted context omitted.

I think Danny Sullivan over at Searchengineland has done a better job of chronicling the changes but to give you a flavor, the size of the ad space before the first organic has grown tremendously, the injection of Google properties (G+, Youtube, etc) has further pushed on search results. When a buying intent is detected the 'shopping' bar activates which only shows shopping results from people who advertise on Google…

Hm, I'm divided on this. The more shallow population got addicted to the Internet and the search results represent that. I don't think it's a problem of Google search results. It's more a herd mentality. Geeks not excluded (hey look, it's shiny! - what, useful?). On the other hand, Google also provides much more value in search than before. When I travel to a city I can go to Google maps and visualize my destination…

You should watch this Ted Talk: Privacy matters. It might change your mind a little on the data mining bit.

http://www.ted.com/talks/alessandro_acquisti_why_privacy_mat...

Re: Google shares hit $1,000 after strong earnings

#165

Post by tanzam75 »

xentronium wrote: post #139
smoorman1024 wrote: post #50

Earlier quoted context omitted.

Well GOOG added $36 billion dollars of market cap overnight. To put that into perspective that is 9 BBRYs (RIMM), 1.5 TSLA's, 1.5 LNKD's, or 0.5 UNP's (Union Pacific).

How come LNKD is so expensive?

LNKD is expensive because it participates in the social-networking stock bubble.

Re: Google shares hit $1,000 after strong earnings

#166

Post by grey-area »

ChuckMcM wrote: post #103

Google historically left a lot of money on the table (not using every spot on the page for ads, giving away services with real value, etc.) They decided to stop doing that when they decided they were a 'peer' of Apple's. The shareholders love it because it means Google will finally be pulling in as much cash as they 'can' vs as much as they needed. Users seem to be somewhat divided on the issue. Sophisticated users a…

Both Google and Apple have reached this stage at around the same time in my opinion - both are now milking existing users rather than looking for innovative new markets or products. Once companies grow to a certain size it seems almost inevitable.

Re: Google shares hit $1,000 after strong earnings

#167

Post by grey-area »

fersho311 wrote: post #149
adventured wrote: post #122

Earlier quoted context omitted.

54 PE ratio, growing at 6%. Welcome to another extreme Fed bubble, round three. A round of POMO shots on the house! What happens to stocks with 60 and 80 pe ratios, growing at 6% to 12% when the music stops? Same thing that always happens. Need a Dr. Koop example? How about RetailMeNot (SALE). By the time this bubble is done, they'll probably have a $2.5 to $3 billion market cap, with not even the slightest of fundam…

Good point. But till the crash, lets ride the wave and make some money.

But how do you know when to get out?

Re: Google shares hit $1,000 after strong earnings

#168

Post by tanzam75 »

qdog wrote: post #160
vpeters25 wrote: post #142

Earlier quoted context omitted.

I think the same and wonder why aren't shareholders pressuring Google to start paying dividends.

Shareholders don't have voting rights, how can they pressure Google to do anything? I don't know if they should be paying a dividend at the moment, but their stock conveys no power to the stockholder. It's like paying taxes without getting to vote. Their stock price might go up for the next decade for all I know, and it's not like they don't make money or something. I just don't want to invest my money without gettin…

> Shareholders don't have voting rights, how can they pressure Google to do anything?

Shareholders do have voting rights at present. The problem is that Google Class B shares carry 10x the voting rights of Class A shares. Thus, even an overwhelming majority of market cap would still be unable to outvote the insiders.

Google is in the process of introducing a nonvoting C share class. This innovation was passed despite a mere 12% support among Google's Class A shares, because the insiders voted all of their Class B shares in favor. From now on, new shares created through stock options will no longer dilute insider control of the company.

Re: Google shares hit $1,000 after strong earnings

#169

Post by oh_sigh »

grey-area wrote: post #166
ChuckMcM wrote: post #103

Google historically left a lot of money on the table (not using every spot on the page for ads, giving away services with real value, etc.) They decided to stop doing that when they decided they were a 'peer' of Apple's. The shareholders love it because it means Google will finally be pulling in as much cash as they 'can' vs as much as they needed. Users seem to be somewhat divided on the issue. Sophisticated users a…

Both Google and Apple have reached this stage at around the same time in my opinion - both are now milking existing users rather than looking for innovative new markets or products. Once companies grow to a certain size it seems almost inevitable.

Yeah, self driving cars, google glass, and loon are not innovative new markets at all.

Re: Google shares hit $1,000 after strong earnings

#170

Post by pslam »

Frozenlock wrote: post #159
pslam wrote: post #98

Earlier quoted context omitted.

$1000 is meaningful on its own but not for the reasons most of these comments think: it's an awkwardly large amount to pay for a single share, and an even more awkwardly large amount to pay for a standard option. Standard options are contracts of 100 shares, so that's $100,000 covered by a single option , which at current prices are about $2,500 each. This puts it out of the realm of small time investors, which is wh…

Indeed. I wanted to buy 'in-the-money' options not so long ago. When I did the math, I just decided to let it go and check for a cheaper stock.

Especially if you wanted to do a simple covered-call, e.g:

  * Buy 100 GOOG at $1000.
  * Sell 1 Nov 16 $1050 Call.
(Edit: Then assuming GOOG doesn't go down significantly it's a profit even if assigned)

Normally that would be a relatively low risk position, but you'd need $100,000 in GOOG underlying to cover it, which is a rather large amount for small investors to throw around even with margin accounts. And that's just for ONE option.

Edit: Oh, and if you thought $1000 is annoying to trade, check out Berkshire Hathaway:

https://www.google.com/finance?q=NYSE:BRK.A

$175,400 per share.

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