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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (22899)12/30/2005 2:32:45 PM
From: bruwin  Respond to of 78740
 
I'm glad to hear that Madharry. Wouldn't like to think you'd taken my comment the wrong way !
Yes, I agree, 20/20 hindsight is a great science, ... and luxury. Which is why I prefer to put my comments on record and let their outcome speak for themselves.
I must say, Google is a real anomaly in the world of stock market investment. I stated, way back, in other chat rooms that I wouldn't have bought Google at a P/E ratio of over 100. In those days its price must have been in the $250 dollar range. It's now at $416 with a 12 month trailing P/E of 83.5 !
I may be wrong, but I think a large part of Google’s success lies in the fact that its Management doesn’t allow its business plan to remain "static". They’re always on the lookout to find new ways to expand the business and find new avenues of growth. In one way, you could say that they’re continually "re-inventing" their business. This probably attracts investors as they perceive ongoing increase in EPS etc.. etc...
Best wishes with your investments in 2006.