Still good time to buy Google shares

[easytrader]

The Google share value at the moment is around $290. Considering that Google is every expanding and growing with bright future prospects, what do you all think.

Is it still a good time to buy their shares?

[brian.mark]

Personally, until they get the Click Fraud problem under control and the SERP spam problem fixed, I think it is extremely overvalued. When the Click Fraud problem is under control, earnings should be down considerably in my (and many other's) estimation. That should bring the stock price down closer to realistic. Also, once they've put the man hours into fighting SPAM, we'll have a better understanding of the payroll costs that they'll be needing to keep up with as well.

At this point, people are still a little too optimistic in my opinion.

Brian.