It certainly didn't take Google
With index component HCA
The index learned a lesson there. It probably thought it was going with the smaller yet more stable real estate developer, but its timing was more poor than standard. The housing market began to crumble and Lennar's shares have fallen by more than 10% over the past year as Google's stock has soared 30% higher.
Even though the S&P 100 isn't as widely followed as the S&P 500, it can't hurt Google to be snapped up by institutional investors running index funds that mimic both gauges. The S&P 100 was also hungry for a pure Internet player.
Companies like eBay
Congrats, Google. Just as your stock finds itself a good trading day away from hitting the $500 mark, it's good to know that you can be honored by hitting the 100 mark too.
Longtime Fool contributor Rick Munarriz is a huge fan of Google and it would be his homepage if it weren't for Fool.com taking up that piece of real estate. He does not own shares in any of the companies in this story. Rick is also part of the Rule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has adisclosure policy.