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intelliot
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Joined: 01 May 2004
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 Posted: Wed Nov 16, 2005 12:13 am Post subject: Sorry, Google, It's Amazon's Turn |
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| Quote: | Amazon.com, not Google, wins a seat on the S&P 500.
Once again, the corporate behemoth that everyone either respects or fears got the short end of the indexing stick. It won't be Google(Nasdaq: GOOG) replacing AT&T(NYSE: T) in the S&P 500 once Ma Bell goes off to live with one of the kids -- SBC(NYSE: SBC) to be exact. Just as Google was passed over in favor of Lennar's inclusion last month, this time it will be Amazon.com(Nasdaq: AMZN) filling up the vacancy over the weekend.
In many ways, Amazon deserves to be a part of the stock market's most popular gauge. It's the bellwether for the fast-growing e-commerce sector. The company may have been the poster child for the Internet bubble with its penchant for favoring traffic growth and a leveraged balance sheet over profitability, but Amazon finally came around. These days it's consistently profitable, and credit rating agencies have been upgrading the company's debt lately. . .
Amazon shares have nearly tripled since being singled out in the Motley Fool Stock Advisor newsletter service three years ago. That's certainly not too shabby, but that brings us back to Google, whose stock has quadrupled since going public just 15 months ago.
Google is now the most valuable Internet company in terms of market capitalization. That's why, as worthy as Amazon may be, the market still thinks that Jeff Bezos' company is worth just a sixth of Google. It's why Google's turn to join the famous index can't be too far away. All we need is just a little more sector consolidation to open up some more vacancies.
Or better yet, I've got a novel suggestion for Google: Go ahead and buy a member of the S&P 500 and buy your way in. Lennar? Google? JDS Uniphase(Nasdaq: JDSU), if you must. Do it, if only for the entertainment value of really ticking off the S&P camp.
One way or another, Google is going to eventually wind up where it belongs.
Longtime Fool contributor Rick Munarriz has been a satisfied Amazon.com customer since the 1990s. He does not own shares in any of the companies mentioned in this story. The Fool has a disclosure policy. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. |
via msnbc
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Laurent Van Winckel
Google Freak
Joined: 08 Mar 2005
Location: Belgium
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| Posted: Sat Nov 19, 2005 4:02 am Post subject: |
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Just curious, do you invest in Google?
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sbhavishro
Googler
Joined: 21 Sep 2005
Location: Delhi ( India)
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| Posted: Fri Apr 14, 2006 5:36 am Post subject: |
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I think So
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cruocitae
The Psychohistorist
Joined: 05 Mar 2006
Location: Terminus
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| Posted: Sun Apr 16, 2006 10:54 pm Post subject: |
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I don't understand.. Google shares are at ~$400, amazon is at ~$35, still Amazon beats GOG (GOOD OLD GOOGLE) ? Huh? Please explain this somehow..
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