A Dangerous Sign For Google's Stock
by BubbleBustInvesting
Listen carefully, investors: Google (GOOG) is to hit $1000, according to Berstein analysts, seeing double-digit growth for years. Really?
Let me be clear from the very beginning: Google is a great technology company that has captured and captivated consumers with its superb products. Earnings and revenues have been growing by leaps and bounds; cash is piling in the corporate chest; and though its stock has been soaring, its PE is still reasonable for an established technology company. But there is something that worries me lately: A wave of robust forecasts like the one from Berstein research analysts today.. read more »
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