Yea I remember taking a shot at MSFT in 2011 when its free cash flow yield was over 10%, while short term Treasuries were 0% and 10 year was around 2%. I understood the negativity with MSFT at the time, with Ballmer as CEO and Windows phones but the company was printing money (and stuff like MS Office were not going away) and what was my alternative, get 0.25% in my savings account?
Now MSFT is $2.5Tril 30X PE because of AI and the cloud, even though Treasury Bills are 5%...
Haha