Author Topic: GOOGL - Google  (Read 522070 times)

Spekulatius

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Re: GOOGL - Google
« Reply #1990 on: April 23, 2019, 03:32:41 PM »
https://medium.com/waymo/making-waymos-in-motor-city-76c2af165165

Sounds like Waymo is going to be a capital intensive vertically integrated business? From auto parts to actual car manufacturing to über like ride sharing?

The hardware at this point is proprietary, so they need to do it themselves to start with. I am pretty sure, they will buy a shell from a car company (body, drivetrain, interior), then stuff their electronic system in it, wire harness, sensors and then test it. I am fairly certain, they won’t build a complete car.

Once volume is there and components are more standardized so they can outsourced efficiently, they will probably outsource most of it, except maybe a few proprietary components.
« Last Edit: April 23, 2019, 06:20:14 PM by Spekulatius »
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obtuse_investor

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Re: GOOGL - Google
« Reply #1991 on: April 23, 2019, 06:05:45 PM »
I would sure hope so. I would love to see them own the patent and license it out to parts manufacturers. Maybe the final assembly with their software would be the “secret sauce” for a while, until the assembly itself becomes commoditized.
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SHDL

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Re: GOOGL - Google
« Reply #1992 on: April 23, 2019, 06:25:24 PM »
IIRC the story was that Waymo initially tried to partner with an existing auto manufacturer but wasn’t able to do so because they all wanted access to Waymo’s technology in return, to which Waymo said no.  Given that history it’s hard to see how things go from here.
« Last Edit: April 23, 2019, 07:41:25 PM by SHDL »

rkbabang

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Re: GOOGL - Google
« Reply #1993 on: April 24, 2019, 10:40:28 AM »
Monetizing maps:
https://adage.com/article/digital/google-flips-switch-its-next-big-money-maker-maps/2163976

I just deleted the google maps app from my iPhone.  I need to find out if Waze is saving all of my location data as well.  I might be using Apple maps exclusively soon.

Read this entire article.  It is scary.  Notice the line  "Investigators who spoke with The New York Times said they had not sent geofence warrants to companies other than Google, and Apple said it did not have the ability to perform those searches."

Tracking Phones, Google Is a Dragnet for the Police
https://www.nytimes.com/interactive/2019/04/13/us/google-location-tracking-police.html


"Mr. Molina, 24, said he was shocked when the police told him they suspected him of murder, and he was surprised at their ability to arrest him based largely on data.

“I just kept thinking, You’re innocent, so you’re going to get out,” he said, but he added that he worried that it could take months or years to be exonerated. “I was scared,” he said.
"


Given Google owns Waze, wouldn't the same situation apply?

It could, or it might not.  Waze had been kept entirely separate from google maps and run independently, they still use different map databases and everything.  At least that was the case years ago when I was reading about it.  That may have changed.


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CorpRaider

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Re: GOOGL - Google
« Reply #1995 on: April 30, 2019, 06:22:58 AM »
Come to papa. 

BTW Google assistant is soooo much better than siri and alexa.  The assistant has literally put my son to sleep a few times.  Also taught us a version of twinkle, twinkle little star where we worked in some energy and mass lyrics. 

Siri is all like derp....I didn't understand that....derp I sound like a robot from 1994.
« Last Edit: April 30, 2019, 07:02:02 AM by CorpRaider »

Saluki

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Re: GOOGL - Google
« Reply #1996 on: April 30, 2019, 06:59:17 AM »
This is my 2nd biggest position (about 10%), I just added a little more today. At a trailing PE of 27, no debt and a 23% yoy earnings growth that disappointed "the street", if Mr Market want's to cough up some shares at a discount to me, I'll take it. 
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Liberty

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Re: GOOGL - Google
« Reply #1997 on: April 30, 2019, 07:00:03 AM »
This is my 2nd biggest position (about 10%), I just added a little more today. At a trailing PE of 27, no debt and a 23% yoy earnings growth that disappointed "the street", if Mr Market want's to cough up some shares at a discount to me, I'll take it.

What's the economic P/E, though?

If you Bill Nygren's method from a past interview and update it, you get this:

https://twitter.com/HardcoreValue/status/1123017143979794432
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Gregmal

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Re: GOOGL - Google
« Reply #1998 on: April 30, 2019, 08:26:58 AM »
Added as well, just as I did after last quarter's "miss" around $1100... I continue to like this, and continue to think its great(for an investor looking to build long term wealth here) that the market seems to have such low expectations for everything else, including stuff like FB and AAPL, yet wants to be so petty and nitpick with GOOG... Good, I'm getting to buy one of the best companies in the world, wildly profitable, growing like a weed, and still attracting the smartest people in the world...for a huge discount to everything else.

Spekulatius

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Re: GOOGL - Google
« Reply #1999 on: May 01, 2019, 03:46:40 PM »
Added as well, just as I did after last quarter's "miss" around $1100... I continue to like this, and continue to think its great(for an investor looking to build long term wealth here) that the market seems to have such low expectations for everything else, including stuff like FB and AAPL, yet wants to be so petty and nitpick with GOOG... Good, I'm getting to buy one of the best companies in the world, wildly profitable, growing like a weed, and still attracting the smartest people in the world...for a huge discount to everything else.

GOOG looks quite cheap compared to the company currently IPO’ing for sure. What I think is happening is that the market is gravitating towards stories and story stocks rather than reward just good numbers. Each of these IPO’s has a story to tell, and investors are eating it even though for some of them the operating numbers look quite ugly. Even a stalwart like Disney could add $20 to its stock more or less simply buy telling a story how they are going to compete against the Netflixes of the world and the market is buying it, despite an hit to earnings.

Google has plenty of interesting things going on, but there is nobody who narrates a story. So they are just putting up nice numbers, but nobody gets exited and a miss in the quarterly earnings games will result in a 10% loss of market cap, while their competitors are losing money even after adjusting the heck out of their financial statements.

Somebody should tell Warren that Geico isn’t just an insurance company, but a disruptor and a subscription service & cloud service that should sell for 10x revenues based the future value of their customers, but I guess he doesn’t care.


FWIW, I am fine with how GOOG goes about there business. I haven’t added yet (I did my buys ~$1000/ share last year) and think the stock may be in the penalty box a bit. I would love to add is ~$1100/ share, if it comes to that.
« Last Edit: May 01, 2019, 05:11:47 PM by Spekulatius »
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