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Google Stock Price Rises Above $500
In this Aug. 9, 2006, file photo, a large Google sign is shown at the Google booth during the Search Engine Strategies conference in San Jose, Calif. Google Inc.'s stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite. (AP Photo/Paul Sakuma)
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As an economic analyst in 1929 once said (and I'm paraphrasing) 'the boom of the stock market is unprecedented and will likely never end'
#1 - Tue Nov 21, 2006 2:47 PM ESTI don't understand how Google's stock can be valued so highly. The company has only one major revenue stream and is spreading itself too thinly by introducing a flurry of new services every month. The P/E ratio is over 60, and this should be a red flag to those investing so heavily in Google, since it usually indicates too much optimism (relative to competitors such as Yahoo!)
- 1 vote
#2 - Tue Nov 21, 2006 3:47 PM ESTbecause of anticipation that the shares will continue to increase in value ... in anticipation of the growth of google continuing at the amazing rate it is atm.
at the bottom of it all is a bet that one day google will be earning as much as microsoft. :-)
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