This goes back, though, to the question I asked earlier: Investors have to know what they're paying for. If you want the strong growth that Google has consistently provided, you're going to have to sacrifice some nights of restful sleep.
I have always liked Google's stock and I don't believe that this story has changed. I've always said that the best way to evaluate Google's stock price is on a five-year basis. And projecting five years out, I still see mid-to-high double-digit revenue growth, which means this is far from a mature company. With the stock having reached $928 recently, predicting $1,000 a share wouldn't be sticking my neck out too far. But with rising free-cash flow and management's ability to realize value from the company's recent investments, I can see the stock reaching $1,200 by this time next year, if not sooner. At the time of publication, the author was long AAPL. Follow @saintssenseThis article was written by an independent contributor, separate from TheStreet's regular news coverage.