Friday, October 19, 2007
In honor of Henry Blodgett, Jack Grubman, and Mary Meeker and all the financial acumen, integrity and foresight they represent I want to go on record as setting $999 price tag on Google. Just like the game show The Price is Right, if you go over you lose so hence the $999 price target. How did I come to this conclusion you ask? Simple, hours upon hours of exhaustive, extensive, painstakingly intricate industry analysis and company specific fundamental research. What, who does that anymore, but shhhhh don't tell anyone, truth be told I took everyone elses' Google numbers and just multiplied by a fibonacci 1.618 (besides 999 is 666 upside down). Why go through all that work hashing through the numbers, turning over rocks looking for clues, no need to re-invent the wheel, that's already been done. Now I could have said something really ridiculous like $1500 but that would draw too much attention and after discussing it with Mr. Blodgett, who said after all the initial media attention, fawning and accolades though really intoxicating at the time wear off , you stick out like a sore thumb and as that Chinese proverb says the nail that sticks out the most gets hammered, so belatedly I decided to pass. Anyhow, the end justifies the means, doesn't it, seems I heard some motivational speaker at a training seminar say that and it sounded cerebral to me !