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TJ Parker

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TJ Parker

Re: None

Monday, 08/23/2004 3:04:47 AM

Monday, August 23, 2004 3:04:47 AM

Post# of 704019
john hussman thinks about google

August 23, 2004

Google is Probably Worth About $24 a Share

John P. Hussman, Ph.D.
All rights reserved and actively enforced.

Personally, I liked the Dutch Auction idea. After a decade of seeing IPOs preferentially allocated to affluent customers, a more democratic auction had some appeal. And with the pop in Google's stock when it opened for trading, there was no apparent “winners curse” for investors who ended up receiving shares. There was also little doubt the stock would enjoy about 72 hours of fun.

But let's get down to business.

[...]

http://www.hussman.net/wmc/wmc040823.htm




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