Google Set to Bid Billions for Airwaves Google is getting enormous. With stock over $500 a share, I wonder if this will be another time when price will go up. It's a wonder how so many people can be affected by one internet entity.
Yeah... Google was down almost 10% today - nearly $50 drop with after-hours trades. Of course, it wasn't about this (profit predictions not met) so just bad timing. Actually, this would probably be a fantastic time to buy as this news probably will send it back up, if you can stomach the $500/share price (and the risk).
Well that's because they're not just a search engine . They're pretty much an advertising company. Plus I wouldn't bother buying stock just because they might buy part of the airwaves. Their current stock price already includes that news and tbh their stock is way overvalued at the moment. With their P/E at 46 and Future P/E at 32 now probably isn't the best time to buy in.
