Jim Cramer has an interesting post on Google over at RealMoney this morning. In arguing that bears should get out of Google while they can, he says the following:
Believe me, most of these [portfolio] managers don’t want to be involved. [Google] is a pain to trade. The bears own the media on this stock, including the major news organizations away from business, and Eric Schmidt, the guy who runs it day-to-day has a lineage that lacks any substance: Sun Micro and Novell.
I like Jim tons, and Google is almost certainly over beaten-up as a stock, but someone needs to show me how the bears own the non-business media on the stock. The last major piece I saw, the Time article last weekend, struck me as being intended as more bullish than bearish.
obDisclosure: I write a weekly column for the Cramer-founded TheStreet/Realmoney.
[Update] Okay, okay, enough emails already. I agree, there are plenty of bearish stories out there about Google. The following Google News cluster demonstrates that nicely:
I still think the media loves Google and plays the bull story better, but maybe JJC has more of a point than I thought.
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