Author Topic: GOOGL - Google  (Read 343984 times)

Liberty

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GOOGL - Google
« on: May 16, 2011, 04:19:27 PM »
A lot of people here are investing in GOOG, especially at recent prices (down 17% in the past 3 months), yet we didn't have a thread to discuss our favorite ad-company-that-masquerades-as-a-search-company  ;)
« Last Edit: December 19, 2014, 09:29:07 AM by Liberty »
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FFHWatcher

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Re: GOOGL - Google
« Reply #1 on: May 16, 2011, 04:31:28 PM »
How do you know that a lot of people here are investing in GOOG?
Shouldn't there be some sort of write up/analysis that goes along with the post? (I am lazy).

globalfinancepartners

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Re: GOOGL - Google
« Reply #2 on: May 16, 2011, 04:36:39 PM »
I was surprised to see Glenn Greenberg of Brave Warrior Capital selling a quarter of his position in the recent 13F.  He had always been very bullish on Google in various interviews I read.

http://www.dataroma.com/m/holdings.php?m=CCM

VAL9000

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Re: GOOGL - Google
« Reply #3 on: May 16, 2011, 05:42:17 PM »
I saw this today:
http://www.bloomberg.com/news/2011-05-16/google-plans-to-sell-3-billion-of-bonds-in-its-debut-three-part-offering.html

Seems to be in line with the concerns voiced on this board regarding repatriation taxes.

Google's such a crazy company to try to value.  On one hand you have a great growth trend in a highly profitable business with economics that lend themselves well to the dominant player.  There are only one or two real competitors worldwide..  It's a dream come true!

On the other hand, you have this:

Android
Android G1
Blogger
Gmail
Google Ad Manager
Google AdSense
Google AdWords
Google Alerts
Google Analytics
Google App Engine
Google Apps
Google Blog Search
Google Book Search
Google Buzz
Google Calendar
Google Checkout
Google Chrome
Google Chrome Netbook
Google Chrome OS
Google Code
Google Contacts Data API
Google Custom Search
Google Desktop
Google Docs
Google Earth
Google Finance
Google Friend Connect
Google Gears
Google Groups
Google Health
Google Images
Google Labs
Google Latitude
Google Local
Google Maps
Google Mini Search Appliance
Google Mobile Application
Google Moderator
Google News
Google Notebook
Google Patent Search
Google Places
Google Product Search
Google Profiles
Google Reader
Google Scholar
Google Search
Google Search Appliance
Google Site Search
Google Sites
Google SketchUp
Google Social Graph API
Google Special Searches
Google TV
Google Talk
Google Toolbar
Google Translate
Google Video
Google Voice
Google Wave
Google Web Toolkit
Google eBooks
Knol
Lively
Nexus One
Nexus S
Orkut
Picasa
Pubsubhubbub
Sidewiki
iGoogle
YouTube
Enterprise Search
 & much much more.

 -- Few of which pay their way.  Plus investments in clean tech, cars that drive themselves, various random acquisitions, yadda yadda yadda.

There's so much failure at Google.  You really need to have conviction in the idea that what you're witnessing is the process of innovation unfold in a very public way.  These guys have serious cojones to experiment in the market that way.  They've done a good job at changing the brand Google from "search" to "smart people who do crazy things".  I truly believe that the outcome of this process will be another big hit, but it's hard to say when that will happen or what it will look like.

Personally, I would love to own a car that drives itself.  I would probably pay a 20-50% premium for a car with that feature.

Liberty

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Re: GOOGL - Google
« Reply #4 on: May 16, 2011, 07:49:32 PM »
How do you know that a lot of people here are investing in GOOG?
Shouldn't there be some sort of write up/analysis that goes along with the post? (I am lazy).

This is based on what people have been saying in various threads. I don't have a crystal ball.

And yes, an analysis would be best, but I don't have one right now and I figure that the next best thing is to start a thread anyway because it'll probably grow into something pretty useful. Sometimes people just need a canvas before they start painting...
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Myth465

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Re: GOOGL - Google
« Reply #5 on: May 16, 2011, 07:53:10 PM »

Personally, I would love to own a car that drives itself.  I would probably pay a 20-50% premium for a car with that feature.


These would sell like crazy in Texas. No more drunk driving.

alpha23

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Re: GOOGL - Google
« Reply #6 on: May 16, 2011, 09:28:54 PM »
I saw this today:
http://www.bloomberg.com/news/2011-05-16/google-plans-to-sell-3-billion-of-bonds-in-its-debut-three-part-offering.html

Seems to be in line with the concerns voiced on this board regarding repatriation taxes.

Google's such a crazy company to try to value.  On one hand you have a great growth trend in a highly profitable business with economics that lend themselves well to the dominant player.  There are only one or two real competitors worldwide..  It's a dream come true!

On the other hand, you have this:

Android
Android G1
Blogger
Gmail
Google Ad Manager
Google AdSense
Google AdWords
Google Alerts
Google Analytics
Google App Engine
Google Apps
Google Blog Search
Google Book Search
Google Buzz
Google Calendar
Google Checkout
Google Chrome
Google Chrome Netbook
Google Chrome OS
Google Code
Google Contacts Data API
Google Custom Search
Google Desktop
Google Docs
Google Earth
Google Finance
Google Friend Connect
Google Gears
Google Groups
Google Health
Google Images
Google Labs
Google Latitude
Google Local
Google Maps
Google Mini Search Appliance
Google Mobile Application
Google Moderator
Google News
Google Notebook
Google Patent Search
Google Places
Google Product Search
Google Profiles
Google Reader
Google Scholar
Google Search
Google Search Appliance
Google Site Search
Google Sites
Google SketchUp
Google Social Graph API
Google Special Searches
Google TV
Google Talk
Google Toolbar
Google Translate
Google Video
Google Voice
Google Wave
Google Web Toolkit
Google eBooks
Knol
Lively
Nexus One
Nexus S
Orkut
Picasa
Pubsubhubbub
Sidewiki
iGoogle
YouTube
Enterprise Search
 & much much more.

 -- Few of which pay their way.  Plus investments in clean tech, cars that drive themselves, various random acquisitions, yadda yadda yadda.

There's so much failure at Google.  You really need to have conviction in the idea that what you're witnessing is the process of innovation unfold in a very public way.  These guys have serious cojones to experiment in the market that way.  They've done a good job at changing the brand Google from "search" to "smart people who do crazy things".  I truly believe that the outcome of this process will be another big hit, but it's hard to say when that will happen or what it will look like.

Personally, I would love to own a car that drives itself.  I would probably pay a 20-50% premium for a car with that feature.



It's an interesting list, because I checked a few, and most of them do lead to some sort of revenue for Google, or they will in the future. Whether it is a click ad, an opportunity to sell data about users to corporate clients, a licensing fee, a royalty or some other stream of revenue, these folks are the world's experts on how to monetize a website / application, etc. They are becoming the most intelligent (savvy) company in the world as far as user behavior goes (remember that other companies have been paying big bucks for this for a long time). So I have no problem with Google casting a few lines. They have a lot more opportunities to monetize their services than they are actually taking, and for most of these, they lead to a stream of revenue somewhere down the click path.

claphands22

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Re: GOOGL - Google
« Reply #7 on: May 17, 2011, 12:03:41 AM »
Google is interesting. Adjust for cash per share and using analyst estimates for 2012, GOOG has a cash adjusted P/E of 11.37  Not bad for a business that has a strong moat, high ROIC, reasonable growth prospects and lots of free options with all their other projects.

That all being said, I'm currently reading In The Plex, the google book Munger recommended..I'm not finished with the book yet, but I'm not too keen on Larry Page at this point.

prunes

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DCG

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Re: GOOGL - Google
« Reply #9 on: May 17, 2011, 06:04:21 AM »
I saw this today:
http://www.bloomberg.com/news/2011-05-16/google-plans-to-sell-3-billion-of-bonds-in-its-debut-three-part-offering.html

Seems to be in line with the concerns voiced on this board regarding repatriation taxes.

Google's such a crazy company to try to value.  On one hand you have a great growth trend in a highly profitable business with economics that lend themselves well to the dominant player.  There are only one or two real competitors worldwide..  It's a dream come true!

On the other hand, you have this:

Android
Android G1
Blogger
Gmail
Google Ad Manager
Google AdSense
Google AdWords
Google Alerts
Google Analytics
Google App Engine
Google Apps
Google Blog Search
Google Book Search
Google Buzz
Google Calendar
Google Checkout
Google Chrome
Google Chrome Netbook
Google Chrome OS
Google Code
Google Contacts Data API
Google Custom Search
Google Desktop
Google Docs
Google Earth
Google Finance
Google Friend Connect
Google Gears
Google Groups
Google Health
Google Images
Google Labs
Google Latitude
Google Local
Google Maps
Google Mini Search Appliance
Google Mobile Application
Google Moderator
Google News
Google Notebook
Google Patent Search
Google Places
Google Product Search
Google Profiles
Google Reader
Google Scholar
Google Search
Google Search Appliance
Google Site Search
Google Sites
Google SketchUp
Google Social Graph API
Google Special Searches
Google TV
Google Talk
Google Toolbar
Google Translate
Google Video
Google Voice
Google Wave
Google Web Toolkit
Google eBooks
Knol
Lively
Nexus One
Nexus S
Orkut
Picasa
Pubsubhubbub
Sidewiki
iGoogle
YouTube
Enterprise Search
 & much much more.

 

Not really sure what you mean by 'on the other hand' they have those things. Adsense/Adwords is their core business. A lot of the things you listed there are small things like browser add ons. Yes, they have made some mistakes (Google Wave & Buzz), and I question how freely they spend $ sometimes, but a good majority of things on that list are great products, many of wich they either monetize through Ads or helps direct people to their core business, or at the very least has helped build the Goole brand. Things like Android, GMail, Google Maps, Google Analytics, Google Alerts, Google Talk, Google Voice, Picasa and others are all outstanding products.

What I don't like seeing Google continuing to try to get into is commerce. Google Shopping is very good, but when they've tried to handle selling products themselves, they've struggled. Them trying to sell the Nexus One themselves was a mess, as they completely overlooked the fact that people will need tech support and customer service that they were not prepared for. While Android is very good, the Android Marketplace continues to be a bit of a mess. I don't have much confidence in their ability to sell things like books and music. Even their Chrome App & Extensions store is pretty damn confusing.