The company consistently generates a high rate of profitability.
A massive cash balance makes this a stable stock for the long haul.
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) just obliterated expectations for the second quarter of 2021. Revenue was $61.88 billion, a whopping 62% increase from a year ago -- the period during the initial economic lockdowns when the Google parent reported its first year-over-year revenue decline ever.
The stock has now doubled since the start of 2020, but this is no overpriced tech titan. In spite of its imperfections, Alphabet is actually exhibiting some value stock characteristics, and it has a long road of investor returns ahead of it.