Google reported great results that exceeded expectations. $GOOG is currently one of my biggest positions and the stock still looks pretty undervalued to me and the company has a lot of potential.
What do you think of the results? Do you find $GOOGstock undervalued as well?
Anyone waiting for better prices has to ask what would precede them. Surely some major catalyst would have to come from the micro/macro. In other words, they would be buying under much worse economic conditions and quite possibly a "worse" company.
If we look at how many times this company was cheaper in value than today, there weren't that many opportunities to buy https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pe-ratio The idea that you buy a very high quality company that does as well as Google for cheap money is, in my opinion, wrong.
Try for a moment to imagine yourself in the place of the seller and say why sell such a company for the money you want to buy it;)
Anyone waiting for better prices has to ask what would precede them. Surely some major catalyst would have to come from the micro/macro. In other words, they would be buying under much worse economic conditions and quite possibly a "worse" company.
If we look at how many times this company was cheaper than today, there weren't that many options for buying https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pe-ratio The idea that you buy a very high quality company that is doing as well as Google for cheap money is, in my opinion, cute. Just try to imagine yourself in the place of a seller and say why sell such a company for the money you want to buy it for;)
It's a great company in my position too. The results have been great and the company is doing well.
