Friday, September 15, 2006

Google in 2006: The First Down Year?
(Paul Kedrosky's Infectious Greed)

“Unless something changes fairly dramatically, 2006 stands a good chance of being the first calendar year to end with Google's stock below where it started. Granted, GOOG only traded for the last part of 2004, but it did trade upward for all of 2005.

The current year, however, has been a disappointment for Google bulls, with the company's stock currently trading at $377.85, well below its 52-week high of $475.11. It is also below the $414 price at which Google's stock started the year.”