Google: Why I'm Bullish

Nov. 21, 2022 5:34 PM ETAlphabet Inc. (GOOG), GOOGLAMZN, MSFT, SPOT47 Comments
Z Kassotakis profile picture
Z Kassotakis
449 Followers

Summary

  • The company is now trading at the cheapest valuation based on P/E since 2018.
  • Google Cloud's lack of profitability could be an opportunity for investors.
  • YouTube Premium could be big for the company as it opens ways for the company to expand to new markets like the one in which Spotify operates.
  • The company is now generating billions of free cash flow and the reinvestment possibilities are limited.
  • I consider Google stock to be an opportunity of a lifetime and I rate it as a strong buy.

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Investment Thesis

Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) has lost almost a third of its value YTD and the stock price keeps dipping. However, the fact that the company is trading at the cheapest valuation based on P/E since 2018 has made

This article was written by

Z Kassotakis profile picture
449 Followers
I'm a systematic investor who makes his decisions based on fundamental analysis. I make money by investing in companies whose price is lower than what I consider to be their intrinsic value. This is how I achieve to have a greater-than-average chance of beating the market over the long run. I try to be as conservative as possible when it comes to my assumptions and that is why when I consider a stock to be a BUY, it is usually a great bargain!

Disclosure: I/we have a beneficial long position in the shares of GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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