NASTY is the only word for this.
Top and bottom line miss on Google, and there's real trouble in here. I've been warning for quite a while that "mobile" is simply not working (and never will) from a revenue perspective, and now it's showing up.
Revenues were up big with Google but the bad news is that costs were up more. This is a big deal; you've got trouble across the board in this report.
You had a 19% comparable-quarter increase in revenues, but a 31% cost of revenue increase. R&D, sales and marketing, and G&A also increased. As a result income before taxes was down off the comparable 2011 quarter, despite the increased revenue.
Welcome to reality folks.
Ps: Farcebook is headed for the toilet for the same reason -- the idea that "mobile" will somehow pick up on traffic may be valid, but from an advertising revenue perspective.... that ain't happening.
Top and bottom line miss on Google, and there's real trouble in here. I've been warning for quite a while that "mobile" is simply not working (and never will) from a revenue perspective, and now it's showing up.
Revenues were up big with Google but the bad news is that costs were up more. This is a big deal; you've got trouble across the board in this report.
You had a 19% comparable-quarter increase in revenues, but a 31% cost of revenue increase. R&D, sales and marketing, and G&A also increased. As a result income before taxes was down off the comparable 2011 quarter, despite the increased revenue.
Welcome to reality folks.
Ps: Farcebook is headed for the toilet for the same reason -- the idea that "mobile" will somehow pick up on traffic may be valid, but from an advertising revenue perspective.... that ain't happening.
and check out Google Insiders peddling their shares before the bad news hit .......
http://globaleconomicanalysis.blogspot.com/2012/10/google-insiders-bail-prior-to-stock.html
It's one thing to sell a few shares routinely, it's another thing to dump a load right before the plunge.
http://globaleconomicanalysis.blogspot.com/2012/10/google-insiders-bail-prior-to-stock.html
Friday, October 19, 2012 2:16 PM
Google Insiders Bail Prior to Stock Plunge
There is nothing like inside information, provided you are on the inside. But heaven forbid should you be on the outside and act on a tip as did Martha Stewart.
Insider Monkey reports Google Inc. (GOOG): Insiders Sold $280M Prior to Crash
Insider Monkey reports Google Inc. (GOOG): Insiders Sold $280M Prior to Crash
Google Inc. (NASDAQ:GOOG) chairman Eric Schmidt was very active in late September, as he executed 226 transactions in just three days from Sept. 24 to 26, selling off more than 211,000 shares at per-share prices between $742 and $764 per share. He came away with about $158 million.
Other noteworthy insiders are Google Inc. (NASDAQ:GOOG) CEO Larry Page and co-founder Sergey Brin, who had conducted several insider sales in the first half of this month, totaling about $120 million in value and the pair spared themselves about $12 million in combined losses. Brin conducted a series of transactions Tuesday, October 2, selling 83,334 shares at between $750-$765 a share, with a combined value of at least $62.5 million.
Page had been selling shares regularly over several days. Starting October 8, he sold 20,833 shares at $754-$762 a share for a value of $15.7 million; 20833 shares at $744-$760 October 9, for a value of $15.5 million; 20,833 shares at prices between $741 and $746 per share October 10, for a value of $15.4 million; and 20,835 shares at prices between $752 and $758 October 11, a value of $15.7 million.Notable Sergey Brin Transactions
Also in October, Google Inc. (NASDAQ:GOOG) board member John Doerr sold his 6,000-share holding at between $759 and $762 per share, for a total value of about $4.5 million, and senior vice president David Drummond pared off 568 shares at $759 each for a value of about $430,000.
It's one thing to sell a few shares routinely, it's another thing to dump a load right before the plunge.
Here is an edited screen shot of some Google transactions of co-founder Sergey Brin.
Congratulations to Board Member Doerr
Congratulations to board member John Doerr who according to Yahoo!Finance Inside Sales acquired 12,285 shares on September 3 for the bargain basement price of $0, and sold every one of them on the same day, netting a cool $8,251,000.
Congratulations to Board Member Doerr
Congratulations to board member John Doerr who according to Yahoo!Finance Inside Sales acquired 12,285 shares on September 3 for the bargain basement price of $0, and sold every one of them on the same day, netting a cool $8,251,000.
On September 30, Doerr received 10,966 shares, also for the bargain basement price of $0, and sold every one of them on the same day as well, netting another $8,343,000.
$16+ million in free shares dumped in a month, right near the top, is not a bad month, but Sergey Brin did far better.
On October 1, Sergey had a spectacular day, receiving 83,334 shares for the bargain basement price of $0, dumping every one of them for $750.82 to $765.18 per share, for a whopping net total of $63,167,000.
Happenstance? Inside Information? Or do insiders simply get free shares and dump them as soon as they can?
Mike "Mish" Shedlock
$16+ million in free shares dumped in a month, right near the top, is not a bad month, but Sergey Brin did far better.
On October 1, Sergey had a spectacular day, receiving 83,334 shares for the bargain basement price of $0, dumping every one of them for $750.82 to $765.18 per share, for a whopping net total of $63,167,000.
Happenstance? Inside Information? Or do insiders simply get free shares and dump them as soon as they can?
Mike "Mish" Shedlock
and FB......
Facebook Third Quarter Earnings Sneak Peek
Facebook Inc. – Class A (NASDAQ:FB) will unveil its latest earnings on Tuesday, October 23, 2012. Facebook, Inc. operates as a social networking company worldwide. The company builds tools that enable users to connect
, share, discover, and communicate with each other; enables developers to build social applications on Facebook or to integrate their Websites with Facebook; and offers products that enable advertisers and marketers to engage with its users.
, share, discover, and communicate with each other; enables developers to build social applications on Facebook or to integrate their Websites with Facebook; and offers products that enable advertisers and marketers to engage with its users.
Facebook Inc. – Class A Earnings Preview Cheat Sheet
The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month.
Past Earnings Performance: The company is looking to beat estimates after falling short of forecasts last quarter. Last quarter, it reported net loss of 8 cents per share against a consensus estimate of net income of 9 cents per share.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
Analyst Ratings: There are 17 out of 30 analysts surveyed (56.7%) rating Facebook Inc. – Class A a buy. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 11.57 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
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