Google IPO = Huge (Damn you, Kernel!)

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Joe
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Google IPO = Huge (Damn you, Kernel!)

Post by Joe »

DAMN YOU! DAMN YOU TO HELL!

(for those of you who don't know what I'm talking about, Kernel managed to get in on this)
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Col. Crackpot
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Post by Col. Crackpot »

ohhhhh another internet stock! i can't wait to see their comical P/E ratio. :roll:
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BoredShirtless
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Post by BoredShirtless »

Hold on; that's an estimated range. It hasn't gone to the public yet. Who knows, may sell for 20 cents.
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Col. Crackpot
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Post by Col. Crackpot »

me in 1998: "Woo-hoo! my e-toys stock is worth $200 a share!"

me today: "Woo-hoo! I'm out of toilet paper, but i can just use my shares of e-toys!"

Kernel, don't be me.
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Vympel
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Post by Vympel »

Col. Crackpot wrote:me in 1998: "Woo-hoo! my e-toys stock is worth $200 a share!"

me today: "Woo-hoo! I'm out of toilet paper, but i can just use my shares of e-toys!"

Kernel, don't be me.
Guess you should've sold. :lol:
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Jalinth
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Re: Google IPO = Huge (Damn you, Kernel!)

Post by Jalinth »

Joe wrote:DAMN YOU! DAMN YOU TO HELL!

(for those of you who don't know what I'm talking about, Kernel managed to get in on this)
Why would you be jealous? Chances are that it is going to drop on the first day thanks to the Dutch auction system they are using. No "bump" of any value is going to take place.

Personally, I look at it as an internet stock with one-trick. Not worth $100+ bucks a share. Also, don't like the fact that it has multiple voting shares - these are common in Canada and minority shareholders can get screwed.
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Post by RedImperator »

Google's share price is a result of the fact that:

1) the company is the de facto front door to the Internet

2) there's an enormous range of commercial services it could provide for a built-in customer base that spans millions of online users

Granted, the same could be said for Yahoo!, which never came close to living up to expectations, but I don't think the stock price is going to crash right out of the gate. There's an expectation among investors that Google is the real deal, and is going to become to gateways/search engines what Ebay became to online auctions or what Amazon.com became to online retailers.
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Post by Lord MJ »

Remember also that Google is only offering a small number of stocks and a small percentage of the company to the public.


Hence the high price.

They will most likely split the stock soon after the IPO.
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Post by Howedar »

RedImperator wrote:There's an expectation among investors that Google is the real deal, and is going to become to gateways/search engines what Ebay became to online auctions or what Amazon.com became to online retailers.
You don't think it already has?
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Col. Crackpot
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Post by Col. Crackpot »

RedImperator wrote:Google's share price is a result of the fact that:

1) the company is the de facto front door to the Internet

2) there's an enormous range of commercial services it could provide for a built-in customer base that spans millions of online users

Granted, the same could be said for Yahoo!, which never came close to living up to expectations, but I don't think the stock price is going to crash right out of the gate. There's an expectation among investors that Google is the real deal, and is going to become to gateways/search engines what Ebay became to online auctions or what Amazon.com became to online retailers.
yahoo was over $200/share at one point. The fact is both AOL and Yahoo are using this opportunity to unload their Google holdings. Google shall go splat like a big chunk of e-gardentools.com.
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Post by BlkbrryTheGreat »

or what Amazon.com became to online retailers.
Are they making a profit yet?
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Post by RedImperator »

BlkbrryTheGreat wrote:
or what Amazon.com became to online retailers.
Are they making a profit yet?
I think the books division is, and enough of one that it's carrying the rest of the company.
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