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Thursday, November 13, 2008
Google currently holds $46 in cash per share, and its book value per share is $87.
Going with the most optimistic figure, if you bought Google stock today at $287, it would be like getting it for $200.
An amazing bargain? Personally, I think so -- recession and all. Another point to consider is that Google's EPS is dampened by massive expansion. Any belt-tightening at all, or a hiring freeze, could goose profits and add to that cash pile.
Note: I hold no shares in any tech stocks, including GOOG. And do not have any ax to grind. :)
Posted by
Andrew Goodman
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