This is dead serious
At 700 bucks this is still a massive short
Going back to 300
Already know dozens of people sick of big brother google and theor tracking tactics
Eric, was quoted "Writing in The Observer, Mr. Schmidt said Google tried to "do the right thing," with regard to its tax affairs, but said that international tax rules were complicated and could benefit from reform."
It is not about trying, it is about doing the right thing.
Now the right thing is to own up and pay up . What this means is for Q2, if they do not deal with this early enough and stock keeps climbing into end of June, then there will be a $1b contingency set aside and the earnings will stink as a result.
Is GOOG priced to perfection? Maybe! Well, in fact it is. It really doesn't matter. When you have institutional investors and fund managers putting Billions of your hard earned dollars into GOOG you're fighting the momentum. You're a braver man then I. That said, the stock will go up tomorrow, as investors love when a company cheats to save us money. Now lets put some more lipstick on this pig and take it to $1000. My baby needs a new pair of shoes.
Sentiment: Strong Buy