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« Forbes ASAP: In Your Face | Main | WSJ: Sellout.com »

January 09, 2006

Comments

Bill Burnham

Hi Andy,

Amen. I hated price targets ... especially when I was wrong about them :-) I will eat my hat (preferably one of the smaller ones) if GOOG is worth $650BN.

Bill

RichL

The value of an absurd price target is that the "analyst" gets lots of free publicity for their firm. A good payoff for publicly admitting that you are innumerate.

Dane Halling

Interesting article which reminds one how much the game has changed since those heady days. I recall Mark Stahlman from Alex. Brown where he was a proper analyst who saw much of the IT revolution coming 10 years before Henry Blodget was out of school. I agree with you re price targets: calls should be largely directional, with potential price zones, in my view.

Peter

Andy,
I'm telling you one thing: I'm a complete finance-newbie,and I entered finance industry from a non-finance background. I just read your book last week, and I'm telling you one thing: you were 99% right in the book ;) keep up the good work and pls contribute to us, younger guys as much as you can. Thx! Peter.

William F. Zachmann

Google's valuation is obviously deep in The Twilight Zone. There is no even remotely possible (let along plausible) scenario that could justify current price levels, let alone the absurd "price targets" touted by the latest crop of Wall Street Whores.

All the best,

will

avi

There's always been lots of stupid money outthere. GOOG is just another garbage collector.

David Jackson

Hi Andy,
Loved your books; loved this post; particularly the parts about Morgan Stanley, as I also worked in as a tech analyst there.

Wanted to ask you whether I can republish this post on Seeking Alpha, the largest network of stock market blogs ( https://seekingalpha.com/ ), with a link back to you in the first line.

Please email me and let me know!

Kirk

Doesn't Google make about 95% of its income from those advertisements on the right hand corner of the screen when you search? I don't think I've ever clicked on one of them.
Advertisers aren't given preference in search results -- that is based on popularity.
I think probably 90% of advertisers don't understand this.

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What remarkable post! In December 1998, I flipped on CNBC as I do every morning for a dose of Squawk Box, to get a pulse of the market. You didn’t need a call from salesmen anymore – all the market impact calls were delivered over CNBC before the market opened. Analysts figured out that CNBC was a better medium to reach clients than a sales force, and it didn’t yell at you like a salesman would. I was skeptical of analysts using CNBC, because it was the old “I’m not paying for research that I can buy for 75 cents in the morning paper,” except that it was on television and free.

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I'm telling you one thing: I'm a complete finance-newbie,and I entered finance industry from a non-finance background. I just read your book last week, and I'm telling you one thing: you were 99% right in the book ;) keep up the good work and pls contribute to us, younger guys as much as you can. Thx! Peter.

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