Jim Cramer: If Google Decides To Make A Lot Of Money Tomorrow, They Can Do It

The start of 2015 hasn’t been great for Google Inc GOOGL as its stock is on a continuous decline, losing more than 5 percent in the last four days and more bad news is coming in.

Stifel analyst Scott Devitt downgraded the stock Thursday from Buy to Hold, arguing that the "best days" for the company are behind it. CNBC’s Jim Cramer and David Faber were recently seen opining on Stifel’s downgrade for the stock and whether Google can get its glory back.

"My charitable trust sold some Google the other day, just because it's just, they are spending a lot," Cramer said. "I didn’t sell it all because if they do monetize YouTube, the stock is going to go higher. Facebook, another stock my trust owns is taking a lot of share here, but I think Google is at 17 times earnings and it's right when you back out the cash that multiple is shrinking, but I also don't want to write them off because if they decide tomorrow, ‘you know what let’s just make a lot of money’, they can do it."

Faber added to that saying, "You're dealing with slowing search growth, that move as we all know from desktop to mobile in which monetization rates are less. Secular change is really taking place and to your [Cramer's] point, there is not like there's any real governance here or chance of return on capital. So, you are looking for the opportunities in the core business and/or the development of new core businesses, if you will."