Hey guys, I'm thinking of shorting Google stock because common sense and experience in the web industry tells me it is really overpriced and they aren't much different than Yahoo or MSN. YHOO trades at about 35, yet GOOG is at like 240! It just doesn't add up for me so maybe I can cash in on GOOG being overpriced.
Anyways, the reason I post this is b/c I'm not really much of a stock guy and don't understand the financials that well. Would GOOG at 240 equate to roughly 8x the value of YHOO at 30 or so? Or are there other factors involved (maybe less shares issued)?
I'd be most grateful to anyone who can help me here while I research this.