u/Pretty-Statement6758

Google is spending all operating cash flow plus $32B in debt (senior notes) and $80B in equity (dilution) at a time when capex is 1.5x revenue? (likely meant 1.5x some cash flow metric), indicating aggressive spending. This capex/debt/dilution pattern suggests the recent price dip is not a value entry but a structural repricing lower, as the market recognizes deteriorating capital allocation. Bearish on GOOGL; the author believes the stock still has downside because the dip reflects a justified de-rating, not an overreaction. Google’s AI investments could eventually generate high returns; strong free cash flow history; market may interpret spending as necessary for long-term dominance.