Google Hit’s $600 and I am a Coward

I can’t believe it Google (GOOG)shares closed at $609.52 yesterday. Yep that’s a huge and it puts theirmarket cap at $190.28 Billion in just over three years, Microsoft is at$289.55B and they IPO’d in March 1986, 22+ years ago.

Google’s IPO’d for $85 a share. Of course I didn’t participatebecause being so pragmatic I thought it was over-priced.  Guess who’scrying today. Part of my problem is that I was a former investmentadvisor and certain red flags come up when you look at Google.Eventoday the P/E Ratio is 51.82. But all the signs are there especially since I am such a big Peter Lynch fan who said, "Invest in what you know."

• I know technology, duh.
• I use Google at least 100 times a day.
• I pay Google large sums of money for advertising.
• Google is so well-used that people now use it as a verb in conversation, "I Googled your company and see you are doing well."
• I am an open soure fan, and Google is one of the world’s largest open source supporters/users
• Google scales because of its pure web play, I am in the business of scaling companies using the web
• Less scientific but Google IPO’d on my birthday

Here’s a look at Google’s chart over the last three years. Getting inon the open of Google would have given me a 600% return in threeyears.

 

 

So today I am meeting with my broker for lunch let me tell you I won’tget fooled again. Money is going into my current tech darlings andhoping the results are Google-like.

Tags: Google, investing, IPO, P/E 

Popularity: 3% [?]

Technorati Tags: Google, investing, IPO, P/E

Tagged as: Google, investing, IPO, P/E