In a world where the averages are up double digits this year, did you know that Google is actually down 3 percent? Jim Cramer did.
In fact, Amazon is down 20 percent and Netflix is also down 5 percent. Just one year ago, these three stocks were the most popular kids in school.
What happened? Competition is what happened. There is competition in both the company and the stock, leaving these stocks to a world of pain.
Google used to be an island all by itself with no competition. And even though it still continues to dominate, it's left with the pressure to be profitable. Wall Street wants to see results and evidence that Google cares about its bottom line.
"It almost seems, however, that Google thinks those are pedestrian goals. In fact, when you listen on the conference call you begin to think that this company is so big that it might not even care about the quarter. Or even the year," the "Mad Money" host said.
The bottom line is that they need to stop playing around with things like driverless cars and glasses, and start milking the virgin territory of what it owns. Like YouTube, for instance.
Google's stock has now become so cheap that Cramer has to consider it a value play, which is why his charitable trust hangs on to it. Google has been the Internet stock of choice for a long time. Not anymore, with competition heating up from Facebook and Yahoo.
Why? Because these companies play by the quarterly rules, when Google thinks it doesn't have to.
