$2000 a Share Seems a Long Way Off for Google
Tuesday, February 5th, 2008;
-- Andy Beal |
If you were banking on Henry Blodget’s prediction that Google would soon reach $2,000 per share, you might want to re-consider that early retirement after all.
Nathan notes (and provides the chart below) that Google’s share price has tumbled since announcing a less-than-steller quarter, and the threat from Microsoft.
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February 5th, 2008 at 9:13 am
Well, it was bound to happen eventually. Google has been on top for a long time, and they still are but a decline was going to happen at some point.
February 5th, 2008 at 9:41 am
Shame on you, Andy. How dare you point out that Google’s stock is sucking wind right now?
You’ll be lucky if you’re not hacked to death (digitally speaking, not literally).
February 5th, 2008 at 9:43 am
@Jeff - LOL, add this post and I expect a 0/10 PageRank shortly.
http://www.marketingpilgrim.com/2008/02/using-google-in-place-of-hypoc rite.html
February 5th, 2008 at 11:21 am
I maintain my offer to eat my shoe if Google ever reaches $2000/share.
All you frothy, irrational exuberants kill me
Gravity is a powerful thing
February 6th, 2008 at 1:08 pm
$2000/share!!
I’ve never heard that and would have laughed when I did. That’s just too far fetched given the industry they’re in and the competition they have.
I don’t know what kind of growth that would take but they’d have to do everything right to reach that point; they’re an incredible organization but $2000?? Maybe Henry was adjusting for future inflation based on the Fed’s many rate cuts of now and the future.
February 6th, 2008 at 9:16 pm
$2k per share seems far fetched, but I wouldn’t be surprised at all if the stock did reach an astronomical high like this. I would have laughed 2 years ago if somebody said it would reach $700 per share, but sure enough it did.