Giggity Giggity Google: Time to Buy (GOOG)

Submitted by Frank Lara Jr on Wed, 11/12/2008 - 18:30

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Financial News

Giggity Giggity Google - Glen Quagmire Google Inc. (NASDAQ:GOOG) shares are at new low today but analysts and even Jim Cramer himself are going to bat for the case to buy Google shares on the cheap. Que Quagmire...

Its a Google World, they rule Search, News, Blogs, Maps, Images, and of course Youtube.com, which none of us can live without, right Glen?

Now that Google shares are trading at $300, its time to Buy, to think this company and stock won't recover is just dumb. Wake up, Google is the Internet.

Cramer calling Google a growth stock, he is willing to wait it out but also believes the stock is going up from here, but then again, no stock is Guaranteed to do anything in this market. Here's theStreet.com video, don't mind the 10 minutes of commercials:

Then you got 'Tech Guru' Michael T. Jones saying Google Inc will defend or even grow advertising market share as global spending shrinks in the downturn because its "efficient" model is suited to hard times.

Come on, do you really need a reason not to buy Google?

Some recent things Google has going for them:

Google Follows the Flu

Track the flu with Google (NASDAQ:GOOG) this winter

Google gets Youtube a Bulletproof deal with MGM

Google Inc.'s (NASDAQ:GOOG) Youtube.com is now featuring full length movies from MGM and the first movie is Bulletproof Monk starring Chow Yun-Fat.

Google is the world's dominant player in Internet search advertising, and financial analysts expect it to feel the pinch as slower consumer activity drags down paid clicks on search engines. But some analysts agree it may gain market share.

"When times are difficult, people are more efficient, more judicious, more careful in planning and choices when spending money," Jones said on Wednesday.

"The most effective advertising mechanism in the world seems to be the Google search, and I believe companies will do more of that, not less of that," Jones said in an interview in Rome.

"So what we expect is that whether total advertising may shrink or may not, the Google part should not. It may even grow," he said, comparing Google advertising to "having the most efficient car in a time of more expensive petrol prices."

Google pulled out of a search advertising partnership with Yahoo Inc last week due to U.S. regulatory objections.

The companies are respectively number one and two in the Internet search market, and advertisers opposed the deal, arguing that their market dominance could enable them to raise prices.

Buy Google, it's what's for Dinner. Well no it's not but Google's Youtube does have Quagmire Clips: