Google 2Q

I haven’t been on a rant lately about Google, but it seems to keep steaming forward. Net income for the company almost double from this time last year. They had a net income of $721m or $2.33 per diluted share vs. $343m. Wall Street expected earning of $1.94 per share. That’s a 20% difference. And what has Google stock done today? NOTHING! Now’s that possible? Are analyst still trying to compare the company to Yahoo which performed terribly this last 2Q?

I think Google is officially undervalued now based on grow. The company is still trading at a multiple above 30 though.

Other developments include:
Google Sketchbook which is a 3D modeling tool for both PC and Mac OSX.