Tuesday, February 26, 2008

Price check in aisle 4.

The repricing clerks are back at work, and this time it's Google getting the new markdown stickers. I'm surprised, actually, at the size of the markdown that's come in the last two days. I had thought that most of the bad news had already been priced in; obviously not. The current news is the "awful January" report out from Comscore. I remain long Google (for the really long prospects) and would be adding here if I were sitting on excess cash.

No comments: