Jim Cramer's Best Blogs
Jan 05, 2013 | 11:34 AM EST
Three Reasons Why You Shouldn't Sell Google Posted at 12:51 p.m. EST on Friday, Jan. 4 You want a tough call? What do you do with Google (GOOG - Get Report)? Here's a company that missed the last quarter. Missed badly. Seemed to have no plan for taking up the slack of a potential slowdown in advertising. Seemed to have no plan to rein in costs. The result? A huge downdraft, a 100-point drop, frightening and devastating to the bulls. Now look at the stock. Here it is creeping back to the levels it stood at before the disappointment, and doing so before we see any numbers that tell us it deserves to retake that ground. So why not sell it? Let me give you three reasons. First, the decision by the Federal Trade Commission to let Google off without as much as a real slap on the wrist, let alone restrictions and break-ups, is monumental. First, those of us who remember the dramatic showdown between the Justice Department and Microsoft (MSFT) in the late 1990s had to be fearful that the FTC would take a look at Google's remarkable market share in search, at 70%, and decide, per se, that it is a monopolist and that it was, like so many other monopolists, abusing its power.
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