{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Presentation Outline

Presentation Outline - Talk about Page and Brin founders of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Talk about Page and Brin, founders of Google o Mathematicians, Computer Nerds o Great at that, but not the guys you want running your business Page saw internet as a math problem to be solved We typically think of it as facebook or espn.com o Page & Brin had a great idea Great ideas are worth Billions Google o Young – 11 years old Stock o Public in August 2004 – went public at $85/share End of 2007 price was at $750/share 782% return o If you bought a round lot, 100 shares, of GOOG at IPO and sold in November 2007 $66,500 profit o If you sold now, where its hovering around $500 $41,500 profit Your kid’s college education on a good investment o Key: In a GOOD COMPANY o Graph of Google, Yahoo, and the S&P Note S&P is much higher on graph bc it trades at >$1000 Not a measure of returns, just stock price Book Value & Market Value o Book Value = Stockholder Equity Because of Accounting equation (A + L = SE) Book Value in 2008 = $28,238 million o Market Value is a better representation of the true value of a company Market Value in 2008 was $1.023 billion. o Big difference in values bc financial statements are transaction based (after the fact) Does not account for Time Value Investors buy stock for future expectations, not underlying value to investors o Important in valuing Google bc investors in GOOG rely heavily on intangible assets
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}