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I think your comment on share buy backs is not steeped in reality. Moreoever, share price is not always tied to fundamental value of a company. For value stoc
by asanwal 16y ago
I think your comment on share buy backs is not steeped in reality. Moreoever, share price is not always tied to fundamental value of a company. For value stocks, it is. But for tech companies (growth stocks), it is often tied to implied or expected growth. And if Page can't articulate where that growth will come from, the stock price can get hurt.
- infinite8s 16y agoYes, but the GP's point was that Google's growth as a company is independent of it's stock price. I almost hope that Wall Street doesn't look favourably on Google for a while - it means that the stock will be a (relative) bargain (if Page is able to execute on his un-articulated long-term vision).