There are three worthwhile bearish Google (GOOG) articles to read. While I have no opinion one way or the other on Google, these three articles are thought provoking. The first two articles are by Henry Blodget, which I referenced in my article Henry Blodget On Google. Start with those two articles. Next, Barron's Online magazine has an excellent and complimentary article In The Drink (subscription required).
As an aside, please note that Barron's is having an open house and that you can visit the entire site for free anytime during Saturday, February 11, to Monday, February 20. Just go to www.barrons.com.
I am not sure how an investor makes an informed decision concerning Google. As Henry Blodget mentions, if you change a few parameters in your model, you get wildly different outcomes. And as the Barron's article hints, revenues and costs might be much different than assumed.
While Google has done extremely well as investment for those who bought the IPO shares, I have no idea of how Google will perform in the future. Thus, I am staying on the sidelines as a spectator.
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