Here's something to chew on. MSFT had a monopoly in early 2000's and held a 30 PE 2003 and 2004. We know the monopoly in crumbling in 2013 but is there any reason that GOOG can't hold the same PE right now? So that equates to 1324 right now and 1562 a year from now.
Crying? I bought in at 690 a year ago and now I'm up over 350 pts. I'm laughing all the way to the bank.
Can't compare it to FB easily because of different growth rates. Also reacted off the high this morning already. It will probably take a little longer before breaking old high.
Anyone have a doubt about this thing going back up? If yes, I recommend going to VMC's investor website and check out the presentation on the front page. The chart on demand trends is the most impressive one for me. Getting back to $5-$6/share eps or more is only a matter of time.
That's not what I call expensive for a monopoly on one of the hottest growing markets in the world. And that gives us another 10% over today's closing price. Actually I don't think a PE of 25 would be that high for this company and that would put it around 1400-1450 (if you back out $160/shr in cash).
Well if you can't beat them then join them. I did. I'm up over 50% in one year. That's about $165K for me. I hope the founders keep making $B's. I'll add up my K's and build a nice retirement with a few crazy vacations and nice cars along the way.
Can't compare. Apples and oranges (forgive the pun). Apple is in consumer electronics with a new product cycle every 18mo's. Google just conquered the rare new one for internet searching which is mobile. GOOG has a monopoly on a still fast growing market. Apple is a good brand but where is the next $100B market for them?
The stock just broke out of a multi-month consolidation heading into the seasonally great 4th qtr. The last thing I'd be doing is shorting this puppy. 1000 is only a short term target now. I got it around 1150 as a medium term target (3-6mo's).
I've been watching GOOG stock since they went public and every time the stock drops going into earnings they blow it out. Its when the stock's been going up prior to earnings release is when you have to be careful. The one thing I don't like is the large head and shoulder formation in the last few weeks.. I've read even if it doesn't break the neck line (about 840-850 depending on how you read it, that it's not good even to see this formation).
It may be garbage but the market is handicapping it as only a 10% chance of the deal getting done. (26-25)/(35-25)= 1/10 (25 is the price prior to the deal.)
The market rarely gives you a 10 to 1 deal so I would say this deal is toast.
OK. Never mind. I see that was the old offer. So, they haven't made a new one?
I say screw this deal. We can get better down the road. And maybe from someone that the Chinese respect.
They have cash on the balance sheet too but which numbers do you use? You would think the damn reporters would do this too but obviously they don't know how to either.
All that has nothing to do with Cooper Tire. As a long time shareholder getting a 40% bump in one year is pretty nice especially considering it peaked at 39 in 1992. We are a capitalist society (or supposed to be) and therefore all about the capital.
If you look at the price before the news was announced (around 25) and the price of the purchase (35), then the market is placing the odds of closing at only 50% if its in the middle at 30. That's amazingly low for the press that's been announced. I have to think something has happened that seriously undermines the potential to close that has NOT been announced yet.