$BABA TOP 20
Added 2023-11-16 17:17:36 +0000 UTCNot the blockbuster earnings report and call we were looking for with a number of surprises; delaying their Cloud companies spinoff and Jack Ma's family selling 0.5% of stock in the company.
Although it was an double beat and they have announced that they will pay a dividened, Ex Dec '23 dividend date. Alibaba has now $74.08B in cash or 33% of the market cap, is trading at a free cash flow yield of 13.5% and will pay a dividend of 1.1% without stopping the buybacks.
There is a lot to be positive about here and under no circumstance am I selling and once this has stabilised, I will consider adding to my position again.
$BABA starting its dividend payment now for the first time is a positive move.
The price action also managed to stay above its May low too today, keeping the structure valid.
We want to the bulls to step in now.
Comments
For truly long term investors, this might be one hell of a opportunity a couple of years down the line.
Yuri van Huisstede
2023-11-17 08:43:58 +0000 UTCIncredible.
Federico Salerno
2023-11-16 22:16:03 +0000 UTCExactly 10% too.....which is usually where stop losses are set.
Gareth Neary
2023-11-16 17:32:38 +0000 UTCEarnings beat,way better PE than Amazon, paying a dividend as well. Of course it’s down 10%
ES B
2023-11-16 17:31:27 +0000 UTC
