GOOGLE INC. $849 (Nasdaq symbol GOOG; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 333.2 million; Market cap: $282.9 billion; Price-to-sales ratio: 5.0; No dividends paid; TSINetwork Rating: Above Average; www.google.com) has started selling Chromecast, a new $35 device that connects to the back of a television set. Chromecast makes it easy to stream movies, TV shows and other video content from a home wireless network to a television.
The company is also interested in securing exclusive content for YouTube, such as NFL football. Programming like this would let Google earn subscription fees and charge advertisers higher rates.
Google is a buy.