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Barchart
Barchart
Mark R. Hake, CFA

Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy

Google Alphabet Barchart OTM TTM

Alphabet Inc. (GOOG) generated strong Q1 free cash flow (FCF) that was higher than expected. Moreover, its stable FCF margins, despite higher capex (capital expenditure), imply GOOG stock is worth 19% more at $212 per share. Shareholders can make extra income by selling short out-of-the-money (OTM) puts.

GOOG closed at $178.27 on Friday, June 27, up +2.20%. It is still off its highs from early February. But it still has more to go. This article will show why and how to play it.

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