Move over Haliburton, here comes Google.

[obeygiant]

http://www.bloggingstocks.com/2007/02/13/google-brains-braun-and-stones/

Behemoth Google is steadily growing to serve you but not in the ways you may be used to. It is my belief that Google is posturing to become the ISP of government completely and totally. I mean no implication of sinister intent here. I'm not putting out a "big brother" alert.

I am suggesting that, in light of the tremendous personnel loads our government agencies are laboring under and the ability of the Internet to lighten those loads, I think that Google is preparing the infrastructure to facilitate the wholesale transference of data collection and processing from government walk-in offices to Internet data centers. I think that Google is, in part, preparing for that influx of data flow. As a simple example I suggest to you that as much as half of all the transactions now handled at your local DMV service center could be accomplished equally well via the Internet in a fraction of the time and at a fraction of the cost.

If this happens you can bet the farm Google stock will skyrocket.

 

[Swarmlord]

What's the P/E ratio of Google though? Last I read the company was overpriced compared to current and future earnings.

 

[CorvusCamenarum]

What's the P/E ratio of Google though? Last I read the company was overpriced compared to current and future earnings.

46.86

I think overpriced is an understatement.

 

[WildCowboy]

46.86

I think overpriced is an understatement.

But a forward P/E of 25 and a PEG of 0.98 indicate that it's not really overpriced when their growth rate is taken into account.

 

[tutubibi]

But a forward P/E of 25 and a PEG of 0.98 indicate that it's not really overpriced when their growth rate is taken into account.

Any company that does not pay dividends is overpriced

 

[hayduke]

There are lucrative contracts to be had with the government. 300e6 people pay a LOT of taxes and those taxes get spent!

Google is overpriced...why?...I can't afford a SINGLE share!!!