Thursday, December 17, 2009, 11:36PM ET - U.S. Markets Closed.
Google shares are getting hit early Tuesday after comScore's report on a startlingly big decline in paid click growth. Google's January paid click growth was flat on a year-over-year basis, down 7% from December and down 12% from the fourth quarter. UBS cut its earnings estimate and price target in response.
The comScore data provide further evidence that Google is not recession proof and it looks like somebody got wind of this report as GOOG shares were notably weak Monday in an up tape. This decline probably represents an opportunity for believers in Google's long-term story but the short-term pain isn't likely over yet.
this is going to $360 by the end of March, then it's a BUY!
The guy on the left was a real hand waving talking bonehead...
GOOG is finished Shorting market is the way to go
Goog will rule the world one day. Be patient!
Everybody keep selling! This way it will be ceaper for me to buy back in!
Mark this post: GOOG will go down to $50/shr. The morons and talking heads have forgotten the .COM era of late 90's. A company with one single source of revenue of on line advertising has no business having a market cap as Google does (which is more than that of IBM)! LOL
Google got greedy just like many other start ups that have not lived through the hardtimes.
Interesting. So how much is the Paid Click issue impacting Yahoo, etc. Same damage, or not as much because Google's stock is overinflated?
goog is way overpriced for a media company and that's what it is. shorts are going to do well on this one.
Google is one of best positioned companies for next 10-20 years! That is a smart comment. Is it impossible for someone to come out with a much better search tomorrow - and for users to make one different click and go to a new site - and all the same advertisers are there with a no risk paid search model exaclty the same as Google. And when the searches come, the advertisers pay the newgoogle.com while GOOG revenue evaporates. Is that an impossible scenario. GOOG must be one of the most precariously positioned - ie exposed companies in the market today - and everyday that goes by where they rely on paid search revenue that can evaporate overnight.
Another moronic UBS call.... wake up ..everything slows down in the recession. What a surprise... that people are cutting on their spending, companies on advertising etc etc. Why did not you tell me a week ago? NY cab driver can now the lower estimates for goog better than you do. What a fraud all these parasite analysts
Glad to hear that Google is starting to reap it's rewards for spying or helping to spy on all of it's users. I stopped using Google after I learned that they were spying on me without my permission.
sure rrubin1952, just like Yahoo is ruling the world now........
Another "this tiem it's different" story. Ignore the Wall Street liars (I mean analysts). They are just high paid used car salesmen and want every dollar in your pocket,
click!..... sounds like somebody flipped the switch on google...
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Scott A - Tuesday February 26, 2008 09:53AM EST
and the short term pain is substantial.....Im hungry.