Despite the fact of weak economy, it's 4Q result once again beat expectation.
4Q08 revenue up 18%, EPS down 68%, excluded the fact that the company write off almost the entire value of its AOL & Clearwire investment, EPS is in fact up $5.1 or up 15%.
2008 revenue up 31%, EPS looks flat (due to equity write off mentioned above).
Cash and short term financial assets position getting even stronger, once again with no long term debt.
So all the analysts whose originally adjusted the growth down will have to adjust it back again, which may trigger a change of their consensus target price from $500 to say $550.
To me, Google should worth $1,000 in 6 years time by the end of 2014.
1.23.2009
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