Google Stock Blasts To All-Time High
Feb 2, 2013, 04:29 IST
After a four-year rocket ride following its spectacular 2004 IPO, Google's stock took a multi-year breather.
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From 2007 to the middle of 2012, as the company's hyper-growth slowed, Google's stock multiple compressed.
But Google the company kept growing.
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And Google the cash factory kept coining more and more money.
And now, with Google's stock having settled into a reasonable price-earnings ratio--24X trailing earnings--the stock is on the move again.
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Today, Google's stock jumped $20 to a new all-time high of $776 a share.
The little search project that began in Sergey Brin and Larry Page's dorm rooms at Stanford in the late 1990s is now a global behemoth with 50,000+ employees and $50+ billion of revenue.
And it's valued at $255 billion.
