After a four-year rocket ride following its spectacular 2004 IPO, Google's stock took a multi-year breather.
From 2007 to the middle of 2012, as the company's hyper-growth slowed, Google's stock multiple compressed.
But Google the company kept growing.
And Google the cash factory kept coining more and more money.
And now, with Google's stock having settled into a reasonable price-earnings ratio--24X trailing earnings--the stock is on the move again.
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