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Non-Tech : Goldman Sachs Group Inc. NYSE:GS
GS 792.91+0.3%Nov 5 3:59 PM EST

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To: Don Green who wrote (275)5/2/2006 10:02:01 PM
From: djia101362   of 411
 
Don -

I know you once mentioned that you are a former GS employee and own quite a bit of GS stock. I've been slowly phasing out of tech stocks and accumulating GS shares but the stock has been on a virtual nose bleed incline for some time now and this recent pull back has allowed me to pick up even more shares.

This article is quite fascinating and I'm sure you know a lot more about what GS does than the Average Joe, can GS continue to make money like this? Conventional wisdom says it will eventually be affected by the law of large numbers.

On a PE basis the stock is still quite reasonable but the article mentions that it is trading at a book value multiple never seen before.

If you give GS the same valuation as ML you get a $225 stock right now. Makes you wonder if GS could trade like another CME.
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