Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) is the parent company of many iconic companies like Google, YouTube, and the Android operating system. While that may seem like a diverse lineup, the reality is these all generate revenue the same way: advertising.

This concentration hasn't worked in Alphabet's favor recently, with the stock currently down about 30% from its all-time high, primarily due to a weak advertising market.

However, this downturn is temporary, and I think Alphabet could be at a generational buying point for a few key reasons. So let's examine those reasons and discover why there has seldom been a better time to buy Alphabet's stock.

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Source Fool.com