Ever since the day after Google reporting the record high 2006 Q1 the share has been trading down every single day - from $450 to now $400. Notice that this has been under small volume and therefore probably not as "bad" as it looks. There seem to be no apparent reason for this fall and the blogs and discussions boards (actually nice on Google Finance) also cry for a reason for this setback in the stock price.
Currently Google's EBITDA P/E is 29,7 only slightly higher than Yahoo!'s ditto at 26,1. It just does not make sense. Google by far is outgrowing both Yahoo! and MSN and should be traded at a larger premium. But then again - if you like bargains - I guess you have one now.
Today's story is Google complaining about Microsoft defaulting MSN Search in the new IE 7.0 browser - but Microsoft's defaulting of MSN in the browser has not stopped MSN from beeing a pathetic 3rd runner ever since it started out. I think Google can only rise from here!
Disclaimer: Buying stocks are full of risk - don't listen to me I could be very wrong yada yada yada..
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