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Jim Cramer: If You Don't Buy Google (GOOG) You're As Stupid As Bricks And Plywood

jimcramer2.jpgTranscript courtesy CNBC:

CRAMER: I'M CRAMER, COMING TO YOU LIVE, "MAD MONEY: AT THE HALF."

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THERE'S ONE STOCK I'VE CHAMPIONED MORE THAN ANY OTHER SINCE BECOMING A TV PERSONALITY THAT STOCK IS GOOGLE. I CALLED THIS A BUY FROM THE MOMENT
IT CAME PUBLIC. I SAID IT WOULD BE A TRIPLE.I WAS COMPLETELY WRONG. IT
WAS UP A SEVEN-FOLDER.

MY RECORD ON GOOGLE WASN'T PERFECT BUT NOW WHEN I
SAY IT'S TIME TO BUY THIS ONE AND YES, HAND OVER FIST. IT'S PROBABLY A
GOOD IDEA TO LISTEN UP AND LISTEN GOOD.

GOOGLE GOT CREAMED AFTER ITS SO-CALLED BAD QUARTER BACK ON JULY 17th, I THOUGHT THE DECLINE WAS STUPID. I WOULD DECLARE IT TO BE AS STUPID AS BRICKS OR PLYWOOD. BECAUSE OF THESE PANICKERS, YOU CAN PICK IT UP FOR ABOUT 500 BUCKS A SHARE. THAT'S A STEAL. TECH IS NOW BACK IN FAVOR. THANKS TO A DECLINE OF OIL,
AND THE TRIUMPH OF DEFLATION OVER INFLATION THIS WAS A STUPID SELL OFF
FOR USAT FANS.

THE BEARS READ THE QUARTER THE WAY THEY WANT TO. AND NOW THE STOCK IS TRADING AT 20 TIMES MY FORWARD EARNING ESTIMATES DESPITE TORRID 30% LONG-TERM GROWTH RATE.

 

On February 28, Axel Springer, Business Insider's parent company, joined 31 other media groups and filed a $2.3 billion suit against Google in Dutch court, alleging losses suffered due to the company's advertising practices.

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