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Ten days after delivering a Q4 EPS beat, Google (GOOG +2.4%) temporarily made a new all-time...
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Friday, February 1, 1:10 PM ETTen days after delivering a Q4 EPS beat, Google (GOOG +2.4%) temporarily made a new all-time high of $774.92. That number eclipsed an October peak of $774.38, which came before shares tanked thanks to a memorable Q3 report. Google currently trades at 13.7x 2013E EPS (exc. cash).
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This news story has 3 comments:
http://bit.ly/VB70Eu
In any case: Billionaires are Crazy About GOOG:
http://bit.ly/XOWfbM
Already dominates US ad market, and little hope of expanding into china (BIDU).
Search is moving to mobile, where there is more competition from apple. Mobile also generates less revenue than desktop search.
The stock is also richly valued, trading at around 23x trailing earnings. As amazon has shown, any stock can be manipulated higher, but unless you're the manipulator, best to steer clear.