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Thursday, October 17, 2013

$goog - higher market cap, higher multiple

After Hours GOOG surpassed $300b in market cap, and will have a trailing GAAP PE of mid 27 (with a price of 958).

Law of large numbers need not apply.

MOT continues to be a drag, although margins rose a slight bit.  

Why isn't any respected analyst highlighting the 14.7% tax rate this quarter is beyond my comprehension. But that would fuck with the apparent "blowout" quarter. 

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