Even if the efficient market hypothesis has severe drawbacks and
deficiencies, it's still hard to imagine that the stock of a company as
large and well-followed as
Google (Nasdaq:
GOOG)
could be meaningfully undervalued. And yet, a long-term discounted cash
flow analysis suggests that it's at least possible. While Motorola's
operations will pressure margins and there's ample competition in
search, mobile and online ads, Google still looks like a stock to
consider in the tech space.
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http://www.investopedia.com/stock-analysis/2013/Could-Google-Actually-Be-Underrated-GOOG-FB-AAPL-MSFT0125.aspx
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