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China is a world on its own. Google sees the writing on the wall, enter China or become FB (talk about a has-been.) Google, FB etc need 20% quarter to quarter g
by onetimemanytime 8y ago
China is a world on its own. Google sees the writing on the wall, enter China or become FB (talk about a has-been.) Google, FB etc need 20% quarter to quarter growth and Google has pretty much saturated the western world. So it is China...kiss the ring and all. Google is not going to lose market cap because of so called values. They're so 2005
- bobthepanda 8y agoWho needs 20% YoY growth? Plenty of big companies get big enough and don't keel over, and Google is already very profitable.
- onetimemanytime 8y agoWho needs 20% YoY growth? Google does. If not 20%, around that number.... Trailing P/E 38.67 Forward P/E 1 21.87 https://finance.yahoo.com/quote/GOOGL/key-statistics?p=GOOGL https://finance.yahoo.com/quote/GOOGL/key-statistics?p=GOOGL
- sigstoat 8y agohow do you turn a P/E of 21 into needing somewhere between 20% annual growth (your current claim?) and 200% annual growth (your original claim? 20% quarter over quarter.)