The Valuation Argument To Own Google (NASDAQ:GOOG … – Seeking Alpha
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Summary
- Alphabet/Google continues to deliver record results each quarter, while the Tech Bust of 2022 has crushed the share quote.
- A 10-year low valuation and mean reversion action could send price 30% to 50% higher this year.
- The strongest balance sheet in corporate America and super-high profit margins are very desirable traits for long-term investors.
- Minor downside may play out for a few months, but I do not want to miss the boat on any big turn higher. I rate shares a Strong Buy.
My last article on search, streaming, and cloud giant Alphabet/Google (NASDAQ:GOOG) (NASDAQ:GOOGL), posted in July here, discussed its monster cash holdings and cash flow generation. Of course, the wicked 2022 technology selloff has taken down all related Big Tech names, regardless of long-term outlooks and projections. Shares have fallen another 20% since late summer, as bearish attitudes in the sector are now overwhelming all math and logic. To me, the buy proposition is even better than…
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