RealMoney Radio Mailbag: Google Looks Good

With its secondary priced, Cramer confirms its appeal to him for a listener.
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Editor's Note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

Is Google (GOOG) - Get Report good to buy now that the secondary has been priced?-- Jonathan from Vermont

James J. Cramer:

Yes, I believe Google can be bought here.

There is a scarcity of companies with high, organic growth in this market, and that is why I expect Google to go up.

Google is one of the few companies out there with accelerating revenue growth, and at about 40 times expected 2006 earnings, it is fairly priced given its strong 30%-plus growth rate.

Should Montpelier Re (MRH) be sold due to its big exposure to Hurricane Katrina?-- Peter from Washington

James J. Cramer:

I think we have seen the worst for Montpelier Re. I actually would be a buyer here.

The company has an excellent management team that has been through plenty of disasters before, and I believe the 5.6% dividend yield looks safe.

The stock also trades at only 6 times expected 2006 earnings, a discount to its larger peers.

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