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Thursday, July 18, 2013

Questioning the $goog multiple

Not sure if the market is reacting to the the headline miss. Or the horrible real eps miss. The only reason Google was able to produce $9.54 eps (GAAP) was due to a +1.99 eps from Discontinued Operations. 

Continuing Operations produced a horrible miss.  Puts into question their outsized trailing PE (especially in relation to the size of the company).

CPC didn't fair so well either. 

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