Well, Henry Blodget is persistent!!
a) proving to us all why he does NOT work as an analyst anymore...
"In 2003, he was charged with securities fraud by the SEC and instead of fighting the allegations against him, decided to pay millions of dollars without admitting or denying the allegations. As part of the settlement, he was banned from the securities industry."
b) ridiculing himself for screaming all month long how Google was gonna miss its earnings...
c) obviously loosing his socks on "a rather nice trade"..
... the guy is now trying to convince his readers that Googles earnings just confirmed all his pathetic rantings about the company & its stock...
In a post titled "Google Stock Future: Dead Money", he really tries hard to come up with the following problems for Google:
- Decelerating revenue
- Maturing product cycle (search isn't new anymore, and Google has 70%+ global share)
- No new products ready to pick up growth slack
- Deteriorating economy
A three year old could put his "arguments" to shame, however Henry got ridiculed by his own readers!!!
Here's three examples:
Google is an advertising company that gives away so many free products that few people notice that in 5 years it will be among the world´s biggest advertising company.
"No New Products" says Henry B. That´s only because we cant´s see the future. Besides Google has the cash to buy up great new ideas, i.e. YouTube.
So if they cant create new products, they buy them, remember Google Earth.....who else on earth coudl buy KeyHole sat photos and then give away the service first then build up a secondary biz on apps for Google Earth.
Yo Henry, why don't you quit trying to convince us you are an analysts, and try solving: