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Theeran Actor
May 29, 2022, 7:16 AM
Alphabet is effectively priced at its lowest level in years vs. underlying business results.
The 30% price decline since late 2021, on worries about macroeconomic advertising demand, appears to be overdone.
$200 in cash per share (with limited debt and liabilities) is a huge plus no matter the economic environment unfolding.
Steady and high levels of sales growth, helped by inflation, should support above-average earnings increases during 2022-23.
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