$Alibaba(09988)$ 

1)Can Alibaba repeat the feats of GME and BBY?

I don't think it's appropriate to compare GME and BBBY to Alibaba. It's like comparing apple to orange.

First off, GME and BBBY are 'hype up stocks' simply meant for the purpose of speculative plays. Besides, these businesses are not making money, doesn't have any track records of growing revenue or positive cashflow from their businesses. They attract mainly speculators who want to profit from short term plays. I highly doubt value investors like Charlie Munger or his associates would be keen to have a stake in these businesses.

Alibaba on the other hand has real assets and proven track records of revenue growth and it continues to generate positive cashflow. In short, it remains a profitable business and highly undervalue due to CCP's crackdown the past 2 years. To add further, its GMV have increased sustainably over the years to CNY8317 billion (approx USD1226 billion). It's nearest competitor Amazon has a GMV of 600mil base on Year 2021 disclosure. In other words Alibaba GMV is twice that of Amazon 😉. Of course they have different target audiences. Amazon market share is worldwide ex China while Alibaba main business are from the China market.

2)Do I look forward to Alibaba's further expansion of repurchase program?

Naturally yes. This signals a positive sign the management is portraying to the general public and investors worldwide. However I must add that Alibaba doing share buybacks wasn't something new. If you look at the attachment I shared below, they have in fact increase their share buyback since Mar 2022. Clearly the management understand its business are value more than what the market is offering since last year.

3) What's my expectation for Cohen's move?

This kind of news are simply noise to me. I pay more attention and place more weight to Alibaba's financial report over such juicy news. Yes, maybe in the short term his publicity helps to move a needle but the market always revert to its mean base on fundamental reasons. 

Remember, in the short run, the market is a voting machine but in the long run, it is a weighting machine - Warren Buffett

Congratulations, you have found the HAPPYCNY cards. You can leave a message "HAPPYCNY" in the comments section of the post & win 10 Tiger Coins.

In addition, the first person to find the HAPPYCNY cards and comment ""HAPPYCNY"" will receive a special gift.​​​

Click here to view more details​​