My first boss on Wall Street (and a long-time friend ever since), Archie
Smith, used to say “What do you want, egg in your beer?” when faced
with situations where people just didn't seem to be appreciating what
they were getting. The expression made no sense to me then, nor does it
now, but I do understand the frustration that fueled it. Google (Nasdaq:GOOG)
is an enormous company ($14 billion in quarterly gross revenue) still
growing at a 20% clip, but investors and analysts hen-peck the company
for its ongoing investments into future sources of growth and the
prospects for declining margins in the future. While the shares don't
seem terribly cheap today, this is not a company that I'd underestimate
today.
Read more here:
http://www.investopedia.com/stock-analysis/071913/google-building-bigger-future-goog-msft-aapl-ebay.aspx
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