Shares of Alphabet (NASDAQ: GOOG) are down 26% over the last 12 months and are more than 31% off their all-time high. At first glance, that might make investors' mouths water. However, a lower stock price doesn't always indicate a bargain.
To find out whether Alphabet stock is a screaming buy or a lemon in disguise, investors need to dig into the numbers and see what's truly going on. So let's lift the hood on Alphabet and see what we find.
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Source Fool.com