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I'm still confused as to why stocks such as google trades for almost $300 a share and automakers so low. Automakers actually produce a tangible product, Google produces online advertising space basically.
Can someone educate me?
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Google is a service with tons of advertising revenue. I used to own their stock. Look at these incredible numbers...
20 Billion in revenue (Trailing 12 months)
31% Quarterly revenue growth
9.94 Billion in GROSS profit
20% Quarterly earnings growth
Price/Earnings ration of 17.