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. I named
Updated
- Log In
- Newsletters
-
Subscribe
Access insights and guidance from our Wall Street pros. Find the product that's right for you.