...that's the price Google is going to trade at starting tomorrow, according to News.com. Far from the original high end price of $135 a share, but still good enough to probably make a lot of people richer on paper come this time Thursday night. Does $85 seem the right price? A portfolio manager News.com asked seemed to think so:
The stock is now in the ballpark of being the right price," said Tom Wyman, a portfolio manager with Husic Capital Management. "At this level, it's about a 20 percent discount to Yahoo's valuation, which is proper, given Yahoo has a diversified revenue stream and Google is a one-trick pony; Yahoo has one class of shares and Google has two; and Yahoo gives financial guidance of how it will do next year and Google gives no guidance."
What do you think?
