Thursday, August 18, 2005

NYU finance professor: GOOG's share price is insane: "Using even the most optimistic forecasts for Google's performance over the coming decade, he arrived at a price target of only $110 per share- and that's assuming a 1,400 percent increase in revenues from Google's current levels.  This professor literally wrote the textbook on pricing companies ('Investment Valuation'- John Wiley and Sons, 2002) and he concludes by saying he's 'baffled' that anyone would pay close to $300 per share for Google." —F-edGoogle