S&P Downgrades Google Stock - Sell, Sell, Sell!
After scaring the world by downgrading the United States’ credit rating, Standard & Poor’s is at it again by panicking investors who own Google stock. Their advice? Sell! Why?
Because the Google 12.5 billion dollar acquisition of Motorola Mobile threatens their debt exposure, undermining stock dividend realization.
What? Google is one of the richest companies in the world! Is S&P’s crazy?
Maybe. Maybe not. Who knows what the future will bring—or what S&P’s is really thinking? There was a time when Apple itself teetered on the brink of bankruptcy.
Last week, for a short time, Apple flirted with taking over the top spot as the world’s most valuable company. Who are they chasing? Exxon. An oil company. Who knew iPods would become more valuable than fossil fuel?…
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