Exactly.
> its asset backed
Not really. Google's assets minus its liabilities are $139 billion. The value of its stock is $724 billion.
So 81% of the company's value isn't "backed" by anything -- not the company's assets, not the promise to pay dividends in the future, nothing.
Exactly.
> its asset backed
Not really. Google's assets minus its liabilities are $139 billion. The value of its stock is $724 billion.
So 81% of the company's value isn't "backed" by anything -- not the company's assets, not the promise to pay dividends in the future, nothing.