Is Google a Buy? Cramer's Stand-In Thinks So, Somewhat Anyway
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From 247WallSt
Today's video of Wall Street Confidential from TheStreet.com, it wasn't Cramer but Vishesh Kumar (The Street's internet analyst) that was reviewing if Google (Nasdaq: GOOG) is a buy. They discussed the Google-Viacom suit. Kumar said that VIA has changed its stance. Kumar noted that a $1 Billion suit may actually be a sigh of relief because the it doesn't change one thing strategically for Google. CBS (CBS) has said it saw some traffic grow from the deal and it is all about the second and third runs. As far as a Google phone, it could mean a lot to Google based on the future of mobile ads. As far as if they will have a phone, Kumar says that the "I's" aren't dotted and the "T's" are not crossed. With GOOG stuck around the mid-$400's Kumar thinks it is a buy in here, but there is not another solid revenue stream that the street can sink its teeth into.
It sounds like they are positive, but not coming out over the top with any major stance change or huge call in the name.
Jon C. Ogg
For more market insight go to http://www.247wallst.com/
Today's video of Wall Street Confidential from TheStreet.com, it wasn't Cramer but Vishesh Kumar (The Street's internet analyst) that was reviewing if Google (Nasdaq: GOOG) is a buy. They discussed the Google-Viacom suit. Kumar said that VIA has changed its stance. Kumar noted that a $1 Billion suit may actually be a sigh of relief because the it doesn't change one thing strategically for Google. CBS (CBS) has said it saw some traffic grow from the deal and it is all about the second and third runs. As far as a Google phone, it could mean a lot to Google based on the future of mobile ads. As far as if they will have a phone, Kumar says that the "I's" aren't dotted and the "T's" are not crossed. With GOOG stuck around the mid-$400's Kumar thinks it is a buy in here, but there is not another solid revenue stream that the street can sink its teeth into.
It sounds like they are positive, but not coming out over the top with any major stance change or huge call in the name.
Jon C. Ogg
For more market insight go to http://www.247wallst.com/
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