TIP847: Alphabet (GOOGL): The Megacap That Still Might Be Underrated w/ Kyle Grieve & Shawn O’Malley

You're listening to TIP. Welcome back to the Investors podcast, episode 847. Kyle, the last time, revisited a company that I had previously pitched on the show that was with Comfort Systems, where we admired the business, but decided that not buying it, despite it going up 5x was the right decision because we really couldn't underwrite just how much they were benefiting from this kind of AI CapEx super cycle. Turns out they're benefiting a lot, but I want to be upfront with everybody that having us revisit a stock is not automatically a happy occasion.

Well, it won't be all paying for you today, Sean. So the good news is that today we actually own this name. So whatever we conclude, nobody can accuse us of just, you know, watching from the sidelines. And the other good news is that not only do we own this, but it's actually up over 90% since we added it to the intrinsic value portfolio.

And I think that does make for a much more pleasant conversation. And I did notice while re-listening to the original episode, I had an entire section. discussing how Alphabet's biggest problem was having too much cash and not knowing what on earth they were going to do with it. Well, they seem to have solved that problem so thoroughly that they needed to go out and raise another $175 billion just to be safe. And that is exactly why I want to do this episode with you, so let's get into it.

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