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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (41131)1/21/2011 5:18:36 PM
From: Paul Senior  Read Replies (1) of 78918
 
Madharry, I'll consider if I want to add to my GOOG position.

I've stood by my estimate of fair value, and maybe it looks like earnings and margins are going to hold up well enough that the stock might actually see $700, which in past is what I've figured I'd be trying to get for my shares.

From my 11/30/10 post:
"IF GOOG outstanding profit margins hold up, GOOG is worth a p/e of 25 or more. IF the 12/'11 analyst average estimate for earnings is correct (about $33/sh), GOOG fair value imo s/b over $800/sh --- higher than the $700 I've been mentioning over the past couple of years."

I am just wondering if prospects for the stock itself are good enough now that maybe I could also sell something that's maybe stalled out and buy more GOOG with funds. For a chance that $700 might be reached sometime this year. It'd be a 14% gain from current $611.
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