Are there any Professional Scatologists here - like someone who works for a hedge fund or a sell side analysis group - who knows the real valuation of goog??
Obviously, GOOG trades on pure speculation about its future prospects.... even with optimistic assumptions regarding growth and discount rates, $1/share of diluted earnings shouldn't sell for more than $60/share...
check out www.hussman.net he had a write up about goog in his weekly commentary about a month back. i think his valuation model has goog in the 70s.
According to the article...Google is Probably Worth About $24 a Share.No Joke. Check it out !!http://www.hussmanfunds.com/wmc/wmc040823.htm
"in the 70s"a generous $24
Last Q EPS 0.70 per share, using P/E of 100, stock value is $280+.FYI