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Google is trading at an overvalued P/B and P/E range. No matter how good things are now, the market always fluctuates up and down. When this happens the overvalued stocks become undervalued and vice-versa.
"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett. It's the motto I live by.
Since Google stock split not to long ago, I now have both GOOG and GOOGL in my portfolio. GOOGL has been outperforming GOOG in terms of stock price. Since Google doesn't offer any dividends and the stock price is already so high that is not likely to increase back to over 1k for a share, should I just sell the GOOG stock share and keep GOOGL?
The stock has had a negative return on its value since the stock split.