Jim Cramer on Alphabet: "I Do Have Tremendous Remorse About This Sale"

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently shed light on. Highlighting the downside of dumping good stocks, Cramer mentioned the company, and said:

“What happens, say if you dump the stock of Alphabet, a former core position of my Charitable Trust that I sold, betting the Justice Department would really hurt them now that the court ruled them as a monopolist. The stock went down for the price of a cup of coffee, right? I mean, and then on the news, it caused me to sell, and then it went up 30 straight points. Did I get back in? No.

Did the Justice Department destroy them? Who knows? They haven’t ruled, and even if they did, what are they going to do? Break it up? If you break up Alphabet, you get a bunch of businesses that would be worth more on their own: Google, YouTube, Gemini, Google Cloud… Waymo. The Justice Department would be doing shareholders a favor. I don’t believe in woulda, shoulda, coulda, but as I tell club members, I do have tremendous remorse about this sale.”

Alphabet Inc. (NASDAQ:GOOGL) operates as a conglomerate of businesses, with Google as its primary subsidiary. The company’s products and platforms include Search, Ads, Chrome, Cloud, YouTube, and Android, each used by billions of individuals every day.

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Disclosure: None. This article is originally published at Insider Monkey.