Fred Hickey, the editor of HIgh Tech Strategist, is saying Google (NASDAQ: GOOG) will have a very large earnings miss this quarter followed by "more disappointments to come," according to Barron’s.
What happens then? The fall-out from weaker earnings is likely to lower P/E multiple, dropping from 25 to, perhars, 20. At that level, Google could fall below $350, and it could happen fast.
Google may have ended its run as Wall St.’s darling.
Douglas A. McIntyre