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Monday, June 06, 2005

Update 3: Live Action: Google (GOOG) puts

RBS raises Google (GOOG) target to $330 (previous was $280). They also initiated 2007 EPS estimate of $9 per share, saying "profitability of GOOG is driving the share price, not the multiple, which remains quite reasonable".

I would not say $9 per share earnings estimate for 2007 and $330 target gives a "quite reasonable" P/E.

Currently, GOOG is trading at $283 (+0.98%) on pre-market. I'll probably have to close my GOOG puts with some loss today. There is no meaning to fight against the market. I won't do the trade in the first minutes on the regular trading hours, but wait for a bit to see, which direction the shares are heading to.

See also:
Update 2: Live Action: Google (GOOG) puts
Live Action: Google (GOOG) puts