Monday, June 14, 2010

Investors Seem to Say Google Hasn't Found its Next Great Business

Google's stock has taken a beating this year, falling more than 20 percent since January, presumably because it hasn't yet shown investors it has figured out what to do for an encore, after its search business.

Contrast Google's equity valuation compared to Apple. Investors, rightly or wrongly, think Apple knows what it wants to do, and is doing it.

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