Time to invest in Google?

Quoted: But it bugs me that the stock has been so weak on so little volume lately. It's like nobody on wall street cares about Google anymore. At the same time, Google is acting very strategically toward one of the most important markets (information technology) in the world economy. As Umair Hague puts it:

Quoted: There are two forms of exotic beta. 1) Apply "normal" strategies to "exotic" assets like investing in Namibian and Mongolian equities, timber, shipping freight, wine, uranium, art, movies, violins or footballers. Or 2) apply "exotic" strategies to "normal" securities with new trading styles and finding arbitrages in traditional markets. Personally I prefer alternative strategies for any security ("normal" or "exotic") but then as a risk averse, conservative investor I am not prepared to speculate on traditional OR exotic beta. They are too hazardous for my risk tolerance. Alpha is safer.

Quoted: The fund likes asset-intensive companies that are adopting clean technologies like the Honda Motor Company (NYSE:HMC) and utility companies.
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GLW is a Pickens Plan stock from Carey's point-of-view partly because they create fiberglass for wind turbine blades, cars, and insulation. Insulation, as Carey pointed out, saves almost half of residential energy consumption that would otherwise be lost. Energy efficiency is by far the most cost effective way to cut back on energy waste.

PEG is PE/growth projections. The thing to consider is that these companies could miss their growth projections, especially if the economy tanks.

Quoted: So the next stop is the "middle 20". These are publicly traded web technology stocks with a market cap over $1 billion. In our analysis below, more than half have a PEG below 1.0, which tends to signal "bargain opportunity" to investors. (caution: of course that is only a starting point for analysis, there could be some real dogs in there).

Quoted: 20 Top-performing stocks . These Fortune 500 stocks offered some of the best returns to shareholders last year. Will they keep rising?

Quoted: The dollar is in a tailspin, the trade deficit is growing and a recession is on the horizon. The American way of life is in serious danger. But the head of the Federal Reserve keeps on pumping easy credit into the system -- a crazy policy that will worsen the crisis.

Google Finance just added a stock screener. The main advantage I see over Yahoo's is that the UI is simple, and you don't need Java. The main disadvantage is that it is missing the PEG ratio.

You can now get historical quotes on Google Spreadsheets.