I can’t resist Google at F P/E=16: I just bought 3 GOOG shares April 28, 2010Posted by deminvest in goog, Google, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, Single stocks, stock I own, stocks.
I did it:
Bought 3 GOOG @ $528.6735 $-1,590.5205 Executed
I don’t care if Google was kicked out of China. Google still is a fast growing company, which is doing great now and which will do terrific if companies get back on advertising spending as the economy picks up.
Google is growing Revenue up 23% year on year, Earnings up 37%, has 26B cash, about 15% of its market cap.
IMHO a super buy at Forward P/E = 16. Specially considering that historically Google did beat earnings forecasts more often than it met them. I only remember one quarter in which they missed.
I now own 8 free Google shares and 3 that I bought today at $528.6735. I will sell 2 of them if they ever reach $800.