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When Is Too Late, Too Late?

By Jim Cramer

 About this article:
 It's been too late for 3,000 points. I am now being inundated with questions about whether it is too late after the averages have run. So, let me answer it in individual ways. First, is it too late to own IBM , when the company sells at 12 times earnings, but has 10% growth? Is it too late to buy Cisco , down 11 points from where it was two years ago when it wasn't doing as well as it is now? Is it too late to buy Google , when it is growing at a rate of 23% and selling at 23 times earnings? Is it too late to buy Home Depot , down 13 points from when housing was crashing, even though you now have new and better management? Is it too late to buy McDonald's , when it has a roughly 4% yield...

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