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When a company buys back its stock aggressively, it suggests that management thinks the stock is undervalued.
Alphabet (GOOG 2.30%) (GOOGL 2.70%) has spent over $100 billion buying back its stock over the last couple of years. That raises the question if investors should follow and add Alphabet stock to their portfolios. This video conducts a financial statement analysis of Alphabet stock to help make the decision.
*Stock prices used were the afternoon prices of Feb. 13, 2023. The video was published on Feb. 15, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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