Sunday, October 22, 2006

Quote of the Day

Vahan Janjigian in his blog, MoneyMasters, on Google's stock price:
One valuable lesson I have learned over the years is that overvalued stocks can get a whole lot more overvalued before coming back to earth.... Google makes good money. But is it really worth 15 times sales and 45 times projected earnings? might provide a basis for comparison. At its peak, the stock was selling for 30 times sales. Today it sells for only 1.5 times sales.

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