I hit price to free cash flow and came up with
that...using Yahoo finance <g>. Ironic? I don't
know accounting, but that cannot be the mark of
a good business. Or can it? You tell me.
It may very well be that there is some magical means
by which they generate revenue--far beyond my comprehension.
But I am quite sure they've never got a dollar out of me.
Maybe I am far to cynical for my age--I do not understand
how Google can have twice the marketcap, as say, Boeing.
I know the internet and software and computers is just
all money printing pixels, fine. But I can add up Windows 95,
Windows 98, Windows Me, Windows XP, Windows XP MCE and
Microsoft Office--and I can say, yes, Microsoft has made
money from me, I get it. But damned if I can figure google--
I've probably averaged a half dozen google searches a day
for the past ten years, and I don't every remember clicking
on an advertisement--except once or twice out of curiosity
after the goog IPO. |
