there's a limit to how much we'll pay for the stocks of even best of breed companies, in kram cramerica, i'm declaring victory in palo alto and take the money off the table. the reason, they may be a good company but at these levels no longer a good stock and too many risks to continue to recommend it. the stock has become darned expensive and little more than two year's time it rallied from the ipo price of $42 to $108, running in a straight line with only the occasional pause or pull back. right now palo is expected to roughly a dollar per share which means it's trading at yes, more than 100 times next year's earnings estimates. that's extremely pricey, even for a company with a 42% long-term growth rate. remember my rule of thumb, don't pay more than twice the growth rate for even the best stocks which in palo alto would mean 85% more earnings and even the most stretched valuations i can justify. why i said amazon got to expensive and go pro. this is just too expensive for me to tell you too continue to buy it. i rarely put stocks -- because of valuation, that's lazy thinking. we nee