Or, in Bubble 2.0, perhaps Google will do a 5:1 or 10:1 split and continue climbing.
Barron's said Google is overvalued because it trades at 37 times next year's expected earnings and because its growth rate is slowing. It also noted that Google now has the 15th largest market capitalization among U.S.-traded shares, and its price-to-earnings ratio is two to three times higher that of similarly sized companies.
Source: Barron's: Google shares set for fall | CNET News.com
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