Google’s Ad-Revenue Slowdown Likely To Be Cyclical And Not … – Seeking Alpha
Most Alphabet Inc. (NASDAQ:GOOG) (“Google”) investors were in for a rough awakening in 2022 (yours included) as the ad-tech behemoth shed roughly 40% of its market capitalization during the year (the stock has rebounded quite a bit since that). Your author confidently proclaimed over half a year ago that the company was a relatively safe wager at a price of about $110. After the volatile ride last year, you can confidently proclaim that the author shouldn’t give up his day job.
Bottom line, no company is safe from the gyrations of the market, and companies of high quality will also face a drawdown when sentiment is sour (which should be saluted as you can buy a larger share of the company’s earnings for the same dollar amount). Nothing has, in my opinion, changed in the investment thesis that I laid out in the piece I mentioned above. The highlights were as follows:
- Market leader in its segments
- Well capitalized
- Profitable
- Selling at an attractive price
- Tailwinds from the mega…
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source: https://news.oneseocompany.com/2023/02/06/googles-ad-revenue-slowdown-likely-to-be-cyclical-and-not-seeking-alpha_2023020640306.html
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