Google's Stock is on Fire

Is Google going to a point of no return. The company closed at $650.75 and in after hours trading is $658.30. Is this a bubble? or is it the new Berkshire Hathaway? only time will tell. The price of the stock is up forty percent year to date, which if you ask me is a very good return on your investment.

Google seems to be branching out in different ventures, the company is reported to tap the mobile market and is set to introduce their new phone as early as February next year according to CNBC. Google's Ability to venture into new territory's such as its aquisition of Youtube.com are reasons why the company is able to grow and be profitable.

Google reported 3rd qtr 2007 earnings of $3.91 per share on 10/18/07. This beat the $3.78 consensus of the 31 analysts covering the company.