Google Hits $400 a Share and Wall Street Gets Nervous

[Brett_Tabke]

AP Story [thenewstribune.com]:

“I think the current price is justified, but I just can’t go out and tell my clients to buy the stock now,” said Moran, explaining why he downgraded Google’s shares to a “hold” earlier this week.

Moran values Google’s shares at $425 – higher than more pessimistic analysts like Standard & Poor analyst Scott Kessler, who believes $364 is a more realistic price. Google’s shares closed at $417.70 on Friday.

“I think Google is a great company and it has been a great stock, but I don’t have a lot of confidence the shares will continue to ramp up,” Kessler said.

[np2003]

Googles last index shows they have 4 billion pages indexed.

Their firm is currently worth 120 BILLION. If we were to divide number of pages by their firms worth it woul d show that every page indexed is worth $30?

Maybe this is why they only want quality pages in their index, because they see that each page is worth so much to them?