Jim Cramer
What the heck is Google(GOOG Quote - Cramer on GOOG - Stock Picks) doing selling at 1 times its growth rate?
What is a company that is successfully integrating Doubleclick to rout its ad enemies, a company that is now going up against a totally challenged Yahoo!(YHOO Quote - Cramer on YHOO - Stock Picks), a company that has a division that is growing 7% organically per week (YouTube) and a company that has the best balance sheet in the world doing selling at 1 times growth? I swear, if we just used the old rule of 10, where you divide the price of some high-dollar shares by 10 to make the valuation process less daunting, no one would think twice if this $53 stock went to $60. I named the four horsemen of tech a month ago, RAGA -- Research In Motion(RIMM Quote - Cramer on RIMM - Stock Picks), Amazon(AMZN Quote - Cramer on AMZN - Stock Picks), Google and Apple(AAPL Quote - Cramer on AAPL - Stock Picks) -- and each has astounding growth vs. its multiple, with the possible exception of Amazon, which is also a play on a ridiculously large short position. I like all of these, although obviously Apple will be tricky to trade -- up, then down, then up -- after the iPhone's debut. But it is absurd that the cheapest of these stocks is the best and fastest-growing: Google! It is breaking free of the earth's atmosphere right now, and it is becoming a great mark-up candidate for end of the quarter momentum funds. It should be purchased now. Random musings: Subprime alert -- the people determined to freak you out will work at it all week. Get immunized. Read the series!
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