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We all can wish to have purchased the stock when it first went public, or a year after that when it was $190 per share.... Google is a great company. They enjoy a household brand name and are very profitable... however, they are trading at ridiculous multiplies ~ 120 times earnings - what this means is that it will take the company 120 years for it to earn your money back.....
The stop might keep going up due to this stock being very hot in the valley (san fran). I strongly believe that the valuation of this stock is out of wack, based purely on demand and not the true fundamentals....
Conclusion: I believe the company is overvalued based on the high multiple it is trading at.
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The stop might keep going up due to this stock being very hot in the valley (san fran). I strongly believe that the valuation of this stock is out of wack, based purely on demand and not the true fundamentals....
Conclusion: I believe the company is overvalued based on the high multiple it is trading at.
Omar,