Cramer on GOOG today 7/5/05
Mad Money Mailbag
Q: When is a good time to buy Google (GOOG:Nasdaq - commentary - research)?
-- Darryl from Ohio
A: James J. Cramer: How about buying some right now and then using weakness to add more? Look, this company can earn north of $7 a share in 2006, and I think you have to be willing to pay 50 times that number for it to be fairly valued relative to Yahoo! (YHOO:Nasdaq - commentary - research), which I own for my Charitable Trust. I am using a $350 target price for Google. (To see all of the holdings in my charitable trust, visit ActionAlertsPLUS.)
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