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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (17978)8/23/2004 12:02:49 AM
From: ild  Read Replies (3) of 110194
 
This Week: August 23, 2004
Google is Probably Worth About $24 a Share
The simple fact is that a security is nothing more than a claim on a future stream of cash flows that will be delivered to investors over time. On charitable growth assumptions, Google's stock price would be roughly $24 a share if it were priced to deliver long-term returns of even 10% to investors.
By John P. Hussman, Ph.D.
hussmanfunds.com
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