Kessler is like Ben Schacter used to be. It is apparent Kessler downgrades vocally whenever *anything* happens wrt GOOG. He doesn't think about it, just issues an emotional downgrade. For example last week when he issued the sell he stated it was troubling that GOOG was resisting the DOJ. Well, that was the wrong stance and one nobody else took.
There are 2 sells on GOOG, Kessler is one, and at the same time GOOG is not in the S&P when it is the most dynamic American company today. GOOG should have been in the S&P a year ago, imho.
Now, today Kessler makes remarks that MSFT "adcenter" spells trouble for GOOG. Well, here's what I think,
- we'll know on Tuesday but one of 2 things happened this quarter, either internet ad growth is slowing across the board or GOOG just annihilated MSN and YHOO. I keep up with this business and I can certainly say this is NO EASY CALL. But #2 is a distinct possibility, and if so, MSN adcenter is no risk to anybody. There is a window when competition matters but after it closes, things become much tougher. If GOOG delivers the numbers on Tues then it just became orders of magnitude harder for Adcenter.
- AOL got a sneak peak of "AdCenter" and said no thanks.
So, what is Kesslers basis for being concerned about this competition? If he is the only one who thinks its an issue, and I believe that to be the case (along with the guy from Guzman)- then I call him overemotional. JMO. |
