2024-02-05 10:50:32 ET
Summary
- Alphabet/Google's Q4 earnings were strong, but concerns about antitrust cases and legal vulnerabilities outweigh operational strength.
- The ongoing antitrust lawsuit against Google could have significant implications for its business model and market dominance.
- Alphabet's stock should be sold due to the potential legal risks and the company's dependence on disputed technology for its core ad revenue model.
- I believe that Alphabet shares should only trade at a sector average P/E ratio.
Investment Thesis
Despite Alphabet Inc. aka Google (GOOGL) (GOOG) posting solid Q4 earnings (minus the slight miss on ad revenue), I still believe the search giant is a strong sell. The company's operating performance, while I’ll admit was fairly strong in this recent earnings report , unfortunately does not mitigate my underlying concerns....
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For further details see:
Google 2024 Outlook: Antitrust Risks Still Outweigh Strong Q4