No. of Recommendations: 2
Broadly, I believe ad buying market is soft and going to get softer for everyone, not just GOOG.
I was in the advertising sales business for nearly 40 years. Next to the corporate jet, nothing get whacked faster from the budget than advertising when management get the slightest sense of soft sales. Sounds completely backwards, but that's how it actually goes down for majority of operators.
GOOG had a nice, cash flowing Q4. Still a very strong company with tons of cash and a strong moat.
Cheers,
m
No. of Recommendations: 0
ya me too, but in a very snall way, as had some spare change in a kinda Roth IRA type account, and had enough to buy 10 shares at $141.50
Like you, I feel that the results actually had many positives and the long term story/results are still intact.
No. of Recommendations: 1
Looks like Baron's authour might also agree...
Alphabet Stock’s a ‘Bargain’ in the Magnificent Seven, Says Analyst
Its shares have slipped, but Alphabet, the parent of Google and YouTube, saw several price-target increases after earnings.https://ca.finance.yahoo.com/m/6f8a6439-405c-3c72-...I don't have a Baron's subscription so haven't read the article in it's entirety, but others here might have access and interest.
R
No. of Recommendations: 0
Sorry, my bad, the article is available through Yahoo at the link in the last post...
Analysts' new targets for stock prices $168 - $170 about 20% above this mornings prices.
Apologies
R
