Google's Still Buyable
What the heck is Google (GOOG) 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), 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.
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