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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (16785)	7/12/2006 3:51:37 PM
From: JakeStraw	Respond to of 17183

Brian, Lizzie just likes to invade other threads and hype her GOOG...

To: Proud_Infidel who wrote (16785)	7/12/2006 3:53:28 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 17183

I am sure if the market falls 50%, GOOGs forward PE will be around 20 or less. On that we agree. GOOG forward PE is 33 now, so that would be a price equal to 60% of GOOGs price today (417) = 250. Of course, I think goog will make $14.5 next year, which puts its forward PE at 28, so in my scenario GOOG at a PE around 20 = 72% * 417 = 300. So that is a 25% haircut from here minimum. Of course if it takes 4 years for this secular bear to take us down to PEs of single digits for non growers and 20 for the growers, GOOG could well be making $30 per share by then.