Google needs no introduction, as anyone who uses the Internet most likely uses their services every day. I’ve been wanting to buy Google stock for many years, but thought it was just too pricey to get in — and it continued to climb higher and higher. However, recently Google has kind of hit a ceiling and has fallen about $50 a share (or 10%) since it went on my watchlist and the stock has not done much in the last two years. Now that the stock is trading well under $500 along with an attractive valued based price-earnings ratio of 18, I find the stock getting very attractive, especially when you consider this is still a growth company. The company has over $30 billion in annual sales, of which almost 30% of goes to the bottom line. With so many resources at its disposal, along with some of the best and brightest engineers in the world, I’m sure there are many intriguing projects in their pipeline to continue their rampart growth. Therefore, I’ve decided I’m getting in at this price point.
Google currently trades at $474.88 per share.