[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, new.morning [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, shempmcgurk shempmcgurk@ wrote: snip For example, Google is currently at $480 a share. But there's no way that their price/earnings ratio both now or in the future can justify that Not true. Current PE is around 40. Forward PE is about 35. (Comared to SP 500 at P/E of 16) Earnings growth rate is about 70. P/E's tend towards earnings growth rate. (a la PEG). If anything, Goog is under priced currently. Agreed. Someone please explain to me what the big deal is with Google. See above. Real earnings. (unlike internet bubble days). Extraordinary earnings growth rate. If anything Goog is undervalued based on estimates of next years earnings growth rate. but it just doesn't add up to the stock price being what it is...at all. Sure it adds up. See above. What is puzzling you? Its basically a great search engine. Its far more. You don't yet get what Google is. They have successfully monetized search. And are expanding search to all realms. click on more on google masthead to get a taste of the visible things they are doing. Mnay other projects are not yet seen. http://www.google.com/intl/en/options/ Do you own any Google stock? To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, jim_flanegin [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, new.morning no_reply@ wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, shempmcgurk shempmcgurk@ wrote: snip For example, Google is currently at $480 a share. But there's no way that their price/earnings ratio both now or in the future can justify that Not true. Current PE is around 40. Forward PE is about 35. (Comared to SP 500 at P/E of 16) Earnings growth rate is about 70. P/E's tend towards earnings growth rate. (a la PEG). If anything, Goog is under priced currently. Agreed. Someone please explain to me what the big deal is with Google. See above. Real earnings. (unlike internet bubble days). Extraordinary earnings growth rate. If anything Goog is undervalued based on estimates of next years earnings growth rate. but it just doesn't add up to the stock price being what it is...at all. Sure it adds up. See above. What is puzzling you? Its basically a great search engine. Its far more. You don't yet get what Google is. They have successfully monetized search. And are expanding search to all realms. click on more on google masthead to get a taste of the visible things they are doing. Mnay other projects are not yet seen. http://www.google.com/intl/en/options/ Do you own any Google stock? During the day, often, -- not overnight. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, new.morning [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, new.morning no_reply@ wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, shempmcgurk shempmcgurk@ wrote: snip For example, Google is currently at $480 a share. But there's no way that their price/earnings ratio both now or in the future can justify that Not true. Current PE is around 40. Forward PE is about 35. (Comared to SP 500 at P/E of 16) Earnings growth rate is about 70. P/E's tend towards earnings growth rate. (a la PEG). If anything, Goog is under priced currently. Agreed. Someone please explain to me what the big deal is with Google. See above. Real earnings. (unlike internet bubble days). Extraordinary earnings growth rate. If anything Goog is undervalued based on estimates of next years earnings growth rate. but it just doesn't add up to the stock price being what it is...at all. Sure it adds up. See above. What is puzzling you? Its basically a great search engine. Its far more. You don't yet get what Google is. They have successfully monetized search. And are expanding search to all realms. click on more on google masthead to get a taste of the visible things they are doing. Mnay other projects are not yet seen. http://www.google.com/intl/en/options/ Do you own any Google stock? During the day, often, -- not overnight. Cool- I hope you continue to prosper with it. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, jim_flanegin [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, new.morning no_reply@ wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, new.morning no_reply@ wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, shempmcgurk shempmcgurk@ wrote: snip For example, Google is currently at $480 a share. But there's no way that their price/earnings ratio both now or in the future can justify that Not true. Current PE is around 40. Forward PE is about 35. (Comared to SP 500 at P/E of 16) Earnings growth rate is about 70. P/E's tend towards earnings growth rate. (a la PEG). If anything, Goog is under priced currently. Agreed. Someone please explain to me what the big deal is with Google. See above. Real earnings. (unlike internet bubble days). Extraordinary earnings growth rate. If anything Goog is undervalued based on estimates of next years earnings growth rate. but it just doesn't add up to the stock price being what it is...at all. Sure it adds up. See above. What is puzzling you? Its basically a great search engine. Its far more. You don't yet get what Google is. They have successfully monetized search. And are expanding search to all realms. click on more on google masthead to get a taste of the visible things they are doing. Mnay other projects are not yet seen. http://www.google.com/intl/en/options/ Do you own any Google stock? During the day, often, -- not overnight. Cool- I hope you continue to prosper with it. It is a beautiful, but at times tempermental, mistress. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, new.morning [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, new.morning no_reply@ wrote: --- In FairfieldLife@yahoogroups.com, jim_flanegin jflanegi@ wrote: --- In FairfieldLife@yahoogroups.com, shempmcgurk shempmcgurk@ wrote: snip For example, Google is currently at $480 a share. But there's no way that their price/earnings ratio both now or in the future can justify that Not true. Current PE is around 40. Forward PE is about 35. a. Current PE is around 70, not sure how you got 40, b. Forward PE is usably not reliable. http://finance.yahoo.com/q?s=GOOG Did TM-Sidhis made you a better investor/trader? To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, larry.potter [EMAIL PROTECTED] wrote: Not true. Current PE is around 40. Forward PE is about 35. a. Current PE is around 70, not sure how you got 40, There are lots of P/E's depending on time frame. You are using trailing 12 months (ttm), around 6.85. That clearly is rear view mirror given Googles growth rate. I used 06 calendar year estimate, 10.25 -- which is trailing 9 mo, plus estimates for nexxt quarter. Which gives P/E of 48 based on todays price. But given Google is up 60 points or so in the last few days, I used a more concervative price -- since I think the current rapic runup to 480 will correct a bit in the next week. So I said around 40. Forward estimates can be a bettr gauge, IMO, than TTM, for a fast growing company like google. Anyway, there is no one correct number. One needs to know whats is making up the one being used -- and apply it appropriately. I like ot look at multiple numbers. b. Forward PE is usably not reliable. http://finance.yahoo.com/q?s=GOOG Did TM-Sidhis made you a better investor/trader? For many years, I plunked all my savings regularly in the market -- and was , part a fundamentals guy -- playing some stocks, part efficient-market hypothesis guy, just putting money into indexes. In retrospect, some things were obvious -- which may or may not have been some insights from the core. Hard to know. Now, I primarily do short term trading -- based on technicals. Emotional or analytical attachment to a postion are deadly. So to the extent that TM/sidhis have made me able to totally disengage from any attachement to position in one moment, and embrace the exact opposite in the next -- essentially to be fully in the moment with aboslutely no attachement to one minute ago -- then I suppose TM/sidhis have had value for trading. Also, a prolonged high clarity of mind -- keeping 10-20 things in my mind similtaneously -- for a sustained 6-7 hours, plus the ability to focus 200% for 6-7 hours straight -- not an easy chore -- but valuable if not necessary -- I think are strengthened with some inner practice. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[FairfieldLife] Re: Google's Price
--- In FairfieldLife@yahoogroups.com, new.morning [EMAIL PROTECTED] wrote: --- In FairfieldLife@yahoogroups.com, larry.potter larry.potter@ wrote: Not true. Current PE is around 40. Forward PE is about 35. a. Current PE is around 70, not sure how you got 40, There are lots of P/E's depending on time frame. You are using trailing 12 months (ttm), around 6.85. That clearly is rear view mirror given Googles growth rate. I used 06 calendar year estimate, 10.25 -- which is trailing 9 mo, plus estimates for nexxt quarter. Which gives P/E of 48 based on todays price. But given Google is up 60 points or so in the last few days, I used a more concervative price -- since I think the current rapic runup to 480 will correct a bit in the next week. So I said around 40. Forward estimates can be a bettr gauge, IMO, than TTM, for a fast growing company like google. Anyway, there is no one correct number. One needs to know whats is making up the one being used -- and apply it appropriately. I like ot look at multiple numbers. Here's what I'm looking at: Google's market cap is $146 billion. Revenue on its last income statement was $8.21 billion...BUT net income available to common (shares) was $2.07 billion. So tell me: assuming it has as good as year as this most recent yearly report and it continues to have as good as this every year -- without any losses, mind you! -- for the next 73 years. Then and onl then will one recover one's money. Okay...I'm not factoring in the time value of money. Let's discount that annual $2 billion income at 5%...how many years will it take to recover the $146 billion? Well, the future value of an annual payment of $2 billion for 34 years at 5% will return you $146 billion. But, of course, I really should be doing the Present Value of $146 billion...what kind of annual payment would I get at a 5% return over, say, 100 years? $7.3 billion. And, by the way, it only has $9.8 billion in cash on its balance sheet. So I agree: Google is WAY overpriced...even if it were able to triple its income next year and continue along a profitable path for 50 years. b. Forward PE is usably not reliable. http://finance.yahoo.com/q?s=GOOG Did TM-Sidhis made you a better investor/trader? For many years, I plunked all my savings regularly in the market -- and was , part a fundamentals guy -- playing some stocks, part efficient-market hypothesis guy, just putting money into indexes. In retrospect, some things were obvious -- which may or may not have been some insights from the core. Hard to know. Now, I primarily do short term trading -- based on technicals. Emotional or analytical attachment to a postion are deadly. So to the extent that TM/sidhis have made me able to totally disengage from any attachement to position in one moment, and embrace the exact opposite in the next -- essentially to be fully in the moment with aboslutely no attachement to one minute ago -- then I suppose TM/sidhis have had value for trading. Also, a prolonged high clarity of mind -- keeping 10-20 things in my mind similtaneously -- for a sustained 6-7 hours, plus the ability to focus 200% for 6-7 hours straight -- not an easy chore -- but valuable if not necessary -- I think are strengthened with some inner practice. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
