Google's YouTube Launches Ad-Supported Movie Streaming
November 19, 2018 / Bret Kenwell
At times it feels like the Alphabet (GOOGL - Get Report) (GOOG - Get Report) is criminally under-appreciated by stock market investors. Of course, it may not feel that way at first glance given its $718 billion market cap. However, with more than $100 billion in cash on its balance sheet, 20% annual sales growth and key internet assets, how does this name trade at "just" 24.5 times this year's earnings? If you're wondering what those key internet assets are, look no further than Google and YouTube. Sure, those platforms churn out billions in ad sales per year, but did you know they are the world's No. 1 and No. 2 most popular websites, respectively? More so than Facebook (FB - Get Report), Amazon (AMZN - Get Report) and many others?