Ambiguity Drives Google's Valuation

BreadMan writes "The Economist has an article about how Google uses its amorphous positioning to gain investor interest. At the current valuation (the P/E is north of 110) this is a winning formula, but the article questions the long-term soundness. The reporter was chagrined that the last press tour focused more on the CFO (Chief Food Officer) and the monthly pasta consumption (500 lbs) than products or financial performance of the company."

Comments

Deceit pays in Corporate America?

[CyricZ]

Perhaps that is just because deceit pays in Corporate America (if not the entire Corporate World). The whole attitude to profits before morality and social duty will of course lead to that. Those who are the best at deceivery will profit the most. Why be honest when you'll benefit far more from misleading people? And when they point out that you have mislead them, just ignore them or deny the deception. It has worked well for the American and British governments concerning their boondoggles in Iraq and Afghanistan, so it no doubt works for corporations too.