Google now worth more than General Electric.

Discussion in 'Stocks' started by KINGOFSHORTS, Jul 7, 2009.

  1. Something omnious regarding GE passed my desk, I wonder if other firms/traders got the same info and this is why GE is being dumped in masse.

    I am not putting in an order for GE today thats for sure.
     
    #11     Jul 8, 2009
  2. Hey - it cuts both ways. My point remains valid.
     
    #12     Jul 8, 2009
  3. Google has $13.17B profits (ttm)

    Compare this to the $98.74B of GE profits.

    Besides Google competition could arise easily and quickly (remember when yahoo was the king?).
    Even if google does everything "right", it could just go out of fashion.
     
    #13     Jul 8, 2009
  4. I guarentee GEs profit will be half that in a year.
     
    #14     Jul 8, 2009

  5. yup.. GE profit.. i tihnk its a matter of taking couple of Zeros from their CDS portfolio and putting them in the profit side.

    voila . the books are BALANCED... but not for long.. keep carrying those wonderful CDS at par. while they sell for 20 cents on the dollar in the real world..
    prime properties.. up town detroit / cleveland. any body..?
     
    #15     Jul 8, 2009
  6. Great i love Google
     
    #16     Jul 9, 2009
  7. google tops in sp100

    rank (mrk liq.):
    average daily volume * price
     
    #17     Jul 9, 2009
  8. #18     Jul 9, 2009
  9. Even if GE profits get down 50%, GE has more VALUE (value not price), than Google.
     
    #19     Jul 9, 2009