Google Shares Beckon
Now that earnings reports for some of the market's tech darlings have passed, a degree of event risk has receded. Companies that have already reported include Google (GOOG), shares of which continue breaking to new highs as they maintain a reasonable valuation.
How would I define reasonable? Google is trading at about 14x next year's expected earnings. That's too high for Google to be considered a value stock, but it's reasonable for a company with its growth potential and sizable cash hoard. Google's cash stash is nearing $50 billion, equal to about 20% of the stock's market capitalization....468 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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