Tech Trio: Yahoo, Apple & Google Thursday, October 9, 2008
Posted by ei-forum in Investing.trackback
With most of the commentary focused on the financial industry and the economy at large, we thought it could be useful to highlight the kind of market cap destruction that has hit the famous ‘Tech Trio’.
Hereafter, readers can see the latest 6 month chart for these companies where we compare YHOO vs. AAPL and GOOG - quite shocking to say the least!
Who would have thought to see Yahoo trading around 13 USD, Apple under 100 USD and Google under350? Here are some more detailed figures:
Conditions are likely to remain difficult but even the most ‘anti-tech’ Enterprising Investor will be forced to start to have a look at these three incredible franchises if they continue this slide…
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Tech stocks are still a good investment vehicle that I think will only improve as the markets rebound. But have they hit bottom yet?
we think so too but we have a feeling that we still haven’t hit the bottom… unfortunately, we still don’t have a good visibility
The volatility of the market is still an issue, but hopefully we’ll see the bottom soon and the recovery will be in sight. I’m thinking maybe by second quarter of ’09, though this might be just optimistic.
There is still a lot of uncertainty - not only on the economy but also on what actions governments around the world will take. We will have to get a better understanding of what the real impact of recent events is on the global economy and on future earnings potentials…. let’s see, let’s hope you’ve made a good call!