https://abc.xyz/investor/static/pdf/2022Q1_alphabet_earnings…
23% Y/Y Growth - Pretty impressive for a 1.55T MCap company. But this is the part that caught my attention:
“On April 20, 2022, the Board of Directors of Alphabet authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions…”
Thing sold off during AH trading.
For $70B They could buy:
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CRWD: Market Cap $47B - And still have enough left over to buy SentinelOne
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MELI: Market Cap of 48.5B - and still have enough to buy BILL
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DDOG: Market Cap of $37.5B - and still have enough to buy MNDY, BILL and SentinelOne.
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SNOW: Market Cap $54.5B - and Dinner, Show tickets, and Banana Milkshakes for everyone in America.
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SHOP: Market Cap $58B - and Every NFL Football stadium.
Etc…Etc…Etc
All the Best,