Back when I set up my Covestor portfolio,
I thought long and hard about tech/web stocks and couldn’t come up with
any that I wanted to own. The two large cap Internet companies that I really like are Amazon and Google. I subsequently bought Google (GOOG) in late October at $672 and it’s up a bit since then.
Google trades at 33x next year’s earnings and I suspect, as usual,
that the street is underestimating Google’s earnings power. So in my
mind, Google is not that expensive as many other Internet stocks are.
February 18th, 2008 at 12:01 pm
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February 25th, 2008 at 12:01 pm
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