Say hello to my new Indian friend

Today I put our money back into action. I made two purchases...TTM and GOOG. Here is the lowdown:

• TTM: Tata Motors based in India, a maker of commercial vehicles. My thinking: India is under construction and these guys are the local suppliers for that buildup. Comparing it to my rules: 43% difference in current price and 1 year target, 18% EPS growth forecasted for next year, 1.6% dividend, 7B market cap, PEG of 0.66, solid financial books. The only minus is that it has only been publicly traded for about 2 years but it has been in business since 1945. All good.
• GOOG: The Google. Now this one seems expensive but its forward looking financials makes it "cheaper" than YHOO and AMZN (PEG of 1.04 vs. 2.87). So to answer Flogger...yeah, I looked at this vs. AMZN and opted for the more solid company. Comparing this one to my rules: 21% difference in current price and 1 year, 27% EPS growth forecasted for next year, 150B market cap, PEG of 1.04 and A++ financials ($18.5B in assets, $1.4B in debt and $3.5B cash flow!!). The only drawback is the fact that there is no dividend but this one is a cash cow. Their EPS is $15 and as you have probably seen...they are putting that money back into buying up little things like YouTube and Doubleclick. Eventually I think that they will start giving some of that money back to the investors...so in the end you win either way as they appear to know how to spend their money unlike other companies.

Of course TNE went up today...that stock is hard to keep down ;-)

One last thing, way to go Northfield...their stock has dropped from $15 to $1.5...good thing ChaCha left a while back ;-)