Google is not cheap, did it dip?

u/Pretty-Statement6758 · Reddit — r/ValueInvesting · June 04, 2026 at 20:31 · ⬆ 16 pts · 💬 16 comments  | View on Reddit ↗
AI Summary

Summary

  • The post questions whether Alphabet (Google) is actually cheap after its recent dip, noting heavy capital expenditures, new debt issuance ($32B senior notes), and equity dilution ($80B) that are consuming all cash flow.
  • Author’s thesis: the apparent dip is merely a repricing of risk, not a buying opportunity, implying the stock may still be overvalued given the cash burn and shareholder dilution.
  • Quality assessment: Speculative commentary with some factual data points (capex ratio, debt/equity raises), but lacks detailed valuation metrics or comparative analysis — more opinion than deep DD.
Score 16
Comments 16
Upvote % 79%
Ideas
u/Pretty-Statement6758 Reddit r/ValueInvesting
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.
More from Reddit — r/ValueInvesting

This Reddit post, published June 04, 2026, features u/Pretty-Statement6758 discussing GOOGL. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/Pretty-Statement6758  · Tickers: GOOGL