YHOO vs. GOOG Revisited...

A couple of weeks ago, I recommended buying YHOO @ $38 vs. selling GOOG @ $380. While YHOO has indeed outperformed GOOG by roughly 4% since then, I can't say that I am especially pleased about my call on GOOG. Can't argue with the market though. GOOG was expensive at $380, and it is still very, very expensive @ $403 (Google Base or no Google Base). How long would GOOG's phenomenal growth continue? I really have no idea, but when the inevitable deceleration comes (probably when the cost side of the growth equation catches up with them!), there is a long, long way down... Apparently, GOOG now is only behind MSFT, INTC and IBM (from the crowd that we normally consider as "tech stocks"), in terms of equity market capitalization. I stick to my guns: continue to still buy YHOO (value growth) and sell GOOG (expensive growth).