Google Inc (GOOG) is consistently the most mentioned stock on Mad Money (currently with 143 mentions) and one of the most popular stocks among retail and institutional investors. Jim Cramer has been mostly positive on Google from its recent rise to nearly 560 from 300 not less than two years ago. By far, this has been one of Cramer's best recommendations.
Since Jim has been consistently positive on Google (GOOG), I'm listing here some of his more interesting calls, including many of his negative comments that seem to be uncanny in their timing. Does it ever pay to be bearish on Google stock?
1/25/2006: Take profits ahead of quarter
3/6/2006: Don't buy until old low. "Tough story"
3/13/2006: Yahoo (YHOO) downside more limited than GOOG
3/23/2006: Gets added to S&P after the close. "Goes up another 25"
3/29/2006: "Wait for a pullback to do a 'mon-back"
7/18/2006: "Everything high multiple is shrinking" referring to Panera Bread (PNRA), Starbucks (SBUX), Whole Foods Market (WFMI), and Google (GOOG)
7/25/2006: "I wouldn't give up"..."GOOG is good. I want to own GOOG"
8/8/2006: Recommends IAC/InterActiveCorp (IACI) over Google (GOOG)
9/12/2006: "Really cheap" - cites the calendar, autumn being historically strong for tech - Strong Buy
2/2/2007: "The only thing that matters is what the big mutual funds and hedge funds will pay for it"..."The big boys don't like decelerating revenue growth" - Sell
Lately, after the most recent quarter, Jim suggested getting into Google (GOOG) stock at 200, but just said it was done going down yesterday. He also has recently called it a "Cramer-favorite" and a stock he'd like to own for his charitable trust.
So can Google capture enough pay-per-click dough to get the stock back to its old highs and beyond?