I can't stomach the fact of Google hitting $1000. I know know if it is the pragmatic bear in me, but the fact the company is already trading at something like 60 times earnings makes my stomach ill.
Not sure it will either. The point of the piece - perhaps somewhat buried in numbers - was that even if Google does everything right and hits the magic $1k you won't make much of a return. The risks on the downside are quite large, we agree.
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GOOG @ 1k
I can't stomach the fact of Google hitting $1000. I know know if it is the pragmatic bear in me, but the fact the company is already trading at something like 60 times earnings makes my stomach ill.
Google $1,000
Not sure it will either. The point of the piece - perhaps somewhat buried in numbers - was that even if Google does everything right and hits the magic $1k you won't make much of a return. The risks on the downside are quite large, we agree.
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