Google: Caveat Emptor
Read the full article at: http://valueplays.blogspot.com/2007/05/google-update-il-caveat-emptor.html
Submitted by TS on Tue, 2007-05-08 08:29.
(via valueplays.blogspot.com)
As rapidly growing businesses become larger percentage growth inevitably declines. This is the law of large numbers
Back in January and February I had two posts on Google and it's share price. Rather than regurgitate all of them you can view them here and here. Please read them before continuing so we are all thinking the same way. Let's update with more recent numbers.
My opinion was and is that Google shares will be stagnant of fall near term (1-2 years). This is not due to a failure of management, products or execution. It is due to the share price getting ahead of the laws of math (large numbers)
