Google has gained 40% market cap over the last month or so. That is a gain of $90 billion. It is safe for me to say that the G phone factor has been priced into the stock. And Google has yet to bid on the spectrum.
http://techland.blogs.fortune.cnn.com/2007/11/06/verizon-and-att-no-shows-at-the-google-party/?source=yahoo_quote
Verizon, on the other hand, is trading at $120 bil market cap. This $120 billion market cap includes Verizon landline, DSL, Fiber Optics and Verizon Wireless. It boggled me as to how Google can find $90 billion off an already competitive wireless market.
$1 Trillion Company? Really?
Petro-China is now worth $1 trillion dollar. That's more than 2x what Exxon-Mobile is trading at. If the Chinese aren't selling gas at 2x the price what Exxon get in the U.S., how can you explain the 2x market cap? And if we (U.S.) is complaining about $3.0 a gallon gasoline, how can the Chinese afford $6.0 a gallon when their GDP/Capita is one of the lowest in the world. I'm perplexedly confused.
More Financials Carnage
So Chuck Prince finally quitted, and Citigroup's shareholders might finally get a relief. Not so fast. In the same day as they announced Chuck's resignation, Citi mentioned that it will write down another $8 billion +. Citigroup has lost about $100 bil market cap since the beginning of the year. I'm more than glad to announce that Citigroup will be in my "soon-to-be-too-cheap-and-attractive-value" list. (put that down with TWX)
It's Tuesday morning, I'm jobless and all I care about is $100 a barrel crude oil. Perplexed and Confused? I'm too.
No comments:
Post a Comment