Google (GOOG) was, to me, just a search engine. I never actually realized the company had taken over the world until it was too late.
Truthfully, there does not appear to be anything that Google doesn’t have its hands in. Email. Productivity apps. Tablets and smartphones. Maps. Translators. Payment services.
Good grief … GOOG even deployed a mysterious floating barge in San Francisco Bay that was revealed to be a giant art project.
I think owning Skynet … er, Google at an effective price of $875 (backing out its $163 per share in cash) — which is 20 times this year’s estimates on a long-term growth rate of 16% — might even be considered a value purchase.