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Tuesday, October 10, 2006

Cramer Still Positive on Google

On the STOP TRADING segment on CNBC Cramer also said to let Google (GOOG) come in a bit but he loves it and still maintained his $500 target. He thinks you can use the same multiple of Whole Foods (WFMI) to get there and he said this is great that Google can pay $1.65 Billion for a YouTube and not get hurt. He is also saying Google needs to spend its money and it is an earnings play on the Internet instead of pageviews and other metrics.

Jon C. Ogg
October 10, 2006
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