june 1, 2005

Looking at the GOOG stock I am getting that pre-dot-com-boom feeling! The stock is nearing $300 a share, but for what reason? The P/E is at around 115, which is pretty high when compared to Yahoo (YHOO) and Ask Jeeves (ASKJ), who are two of the competitors of Google. Will Google's earnings report in July really show that it has had that big of growth? Or is this another one of those Investors Gone Wild moments? I am no investment expert, but this all doesn't look right to me -- it just seems like the GOOG stock is overvalued and overpriced.

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