Things could get ugly for a couple of reasons. As the graph below shows, Google's stock hasn't done at all well since March 31st, which is the last day covered by its previous report. And in fact, the graph would look even worse if we'd messied it with lines representing Microsoft and Yahoo, because their stocks lost just 20.60 percent and 14.88 percent, respectively, in the same period.(via Doug Caverly)
With its stock down nearly 30% since the start of the year, compared with the S&P 500's 8% drop, the search giant confronts a multitude of well-documented challenges. These include its shift from hot growth stock to value play, the impact of the falling euro, Google's cloudy future in China and competition from Facebook.
Posts
