“If not for a donation to launch its charitable foundation and stock compensation expenses, Google said it would have earned $1.54 per share. That missed the average estimate of $1.76 per share among 31 analysts surveyed by Thomson Financial.”
And the stock fell 15.5 percent today, losing $20 billion in “shareholder wealth.” Too bad Google’s “do no evil” mantra (charitable foundation donation) and it’s talented people (stock compensation) lost $20 billion in “shareholder wealth.”
There would be no “shareholder wealth” without the people of Google. And, the people are the ones who gave money to charity and got the stock compensation. The real value in investing in Google has nothing to do with stock price or shareholder wealth. Stock price is only a result of the people. Now that’s valuation.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment