Can Meme-Stock King Cohen Help BABA Repeat the Feats of GME & BBBY?

Tiger_comments
2023-01-18
Reward Tiger-CoinsReward 1000 Tiger-coins

On Jan. 17 the media reported that meme-stock king Ryan Cohen bought hundreds of millions of dollars of Alibaba stock in the second half of last year.

Cohen led and profited from two short squeezes of meme stock. When buying the company's stock, he makes customized recommendations for the company and has a strong appeal among retail investors.

 

Cohen Led GME & BBBY’s Short Squeeze

Ryan Cohen built up a stake in the video game retailer $GameStop(GME)$ between August and December 2020.

His appointment as chair of the company's board in January 2021 triggered a short-squeezeof 1,500% rally within two weeks.

In 2022, Cohen spent seven months building up a 12% stake in $Bed Bath & Beyond(BBBY)$ .

In March when the company was at a low point, Cohen wrote to BBBY's board that the company had to make major strategic changes and offered several suggestions, including divesting less important business segments.

Then he netted a $68 million profit when he dumped the entire stake in two days in August 2022.

Cohen advises Alibaba to follow Apple's lead - expand share buyback program

 Cohen bought hundreds of millions of dollars of Alibaba stock in the second half of 2022. He first spoke with Alibaba's board last August to express his desire for a long-term relationship with Alibaba, people familiar with the matter mentioned.

He believes

Alibaba are significantly undervalued and expects the company to be able to deliver double-digit sales growth and nearly 20%free cash flow growth over the next five years.

After initial communications with Cohen, Alibaba announced last November that its board of directors approved an expansion of the company's share repurchase program by $15 billion to $40 billion.

Alibaba shares are up 49% since the November announcement

People familiar with the matter said, Cohen has communicated with Alibaba's board of directors that the share repurchase program could be expanded by another $20 billion to about $60 billion.

Cohen said $Apple(AAPL)$ could be a good example for Alibaba. Since 2012, Apple has bought back hundreds of billions of dollars of stock and its share price has soared.

Stock buybacks can not only support the stock price by reducing stock liquidity and improving U.S. stock profits, but also can release positive signals to investors.

Do you think Alibaba can repeat the feats of GME & BBBY?

Do you look forward to Alibaba's further expansion of repurchase program?

What's your expectation for Cohen's move?

Leave your comments on this post to win tiger coins~

 

Will Alibaba Become a Meme Stock?
[Key Points] Alibaba rose 49% since last November. The news on Ant Group - an affiliate of Alibaba- boosted Alibaba shares as Ant was approved to increase 10.5 billion capital. Cohen - the well-known meme stock leader - bought Alibaba and put forward cutsomized suggestion for Alibaba. [Topic] What's your target price for BABA's rally? Do you think Alibaba get out of the woods? Will Alibaba repeat GME and BBBY's feats?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Reward expired
1000 tiger-coins have been distributed to 5 participants
Deadline to 02/20 23:53
Reward-post

Comments

  • LMSunshine
    2023-01-19
    LMSunshine
    Win 200 Tiger-coins
    As of now it is unlikely for $Alibaba(BABA)$ to be a meme stock as Reddit users don’t seem convinced that Cohen bought BABA. They think that it’s fake📰 to distract them from $GameStop(GME)$. However, if Cohen publicly announces it, things may change in a blink of an eye‼️ While Ryan is influential & the 📰 is positive for BABA, the increase in buyback idea is unlikely to have much sway with the board. Thanks loads @Tiger_chat for the interesting topic and coins❣️
    • LMSunshineReplySoyabean89: 
      Ya that was horrible
    • Soyabean89ReplyLMSunshine: 
      Yup. As bad as the 20 odd YO kid who bail out bbby after invest a as first mover and cried retail investors to believe in the bbby management in attempt to pump... Clown jump ship when cohen bring apes into bbby...

      Talk about solitude with the management. Hypocrite at the finest lol

    • LMSunshineReplySoyabean89: 
      So sad for those retail investors that lost $$$ because of him😔
    • Soyabean89: 
      After the bbby stun he pulled.. Lol i hope he is the next elon clown. Karma to struck those who misled  with their fame. Just like the down fall of do kwan & ftx clown SBF
  • LMSunshine
    2023-01-19
    LMSunshine
    Win 200 Tiger-coins
    Comment to win coins❣️@SR050321 @CYKuan @Fenger1188 @HelenJanet @breAkdaWn @Jadenkho @RiciaYang @Universe宇宙 @jat @Pepermintpat @BenjiFuji @RDPD富爸穷爸 @rL @Omega88 @SirBahamut @melson @Mrzorro @GoodLife99 @SPOT_ON @Kaixiang @Soyabean89 @PJoo @markele @ey79 @amroui @Ericdao @Elon2 @爱上投资学 @Zeniv @Yonhuat @Joker_Smile @grizzlylee @Kingcat @pekss @evepek @WanEH @ngph @HLPA @snoopy123 @psk @b1uesky @hlw8888 @KYHBKO @highhand @Lionel8383 @RedpillBluep @FrankieRed @Downton @Huiz84 @我i168 @Barbarazhao @StickyRice @StarLuck @Crisis101 @AlfonsoDex @th0mastan @LesterTan @IAS @HSTew @Kerrisdale @PhilipChow @pipiso @Alvinlimsg @mingming1188 @Korer @hengsley @JC888 @Aqa @Ccl2 @Lcc73 @LuckyPiggie @alylady @moliya @maricel @Sonoma @Doge2theMoon @Ah Meng @Jo_Tan @Shyon @boardy @Cory2 @thisishanong @Zack44 @SG 88 @Success88 @kungpao @CL Wong @Derrick 1234 @MeowKitty @Thonyaunn @紫南 @REWARD share @Zarkness @williamryank @Ratt @Tigress02 @Viv22 @equitygenius @BettyT @Bunta @tigjun21
  • LMSunshine
    2023-01-19
    LMSunshine
    Win 200 Tiger-coins
    Comment to win coins❣️ @JohnL @jace0777 @DoreamonGo @TTrade @Zacv @nerdbull1669 @airui @VonCat @boonk @Trevelyan @The Knight @Cris0 @jgaldon @fxaw @Kok @Agxm @Dodonan @BubTigger @MHh @BadDamages @aunteenat @Niskil
  • Mrzorro
    2023-01-19
    Mrzorro
    Win 200 Tiger-coins
    I think Cohen just wanna take advantage of those stocks by doing the same trick. But I dont really think it works on $Alibaba(BABA)$ repurchase program for long term.. Lets see what will happen.. [Cool]
  • Universe宇宙
    2023-01-19
    Universe宇宙
    Win 200 Tiger-coins
    Tigers, please take note of the dangers when trading meme stocks and crypto. Do not because of the recent rise of these loss-making speculative cult-like liabilities and start to trade them. Avoid them at all costs. [Warning]
  • Aqa
    2023-01-19
    Aqa
    $Alibaba(BABA)$ is not likely to be meme stock repeating the feats of $GameStop(GME)$ and $Bed Bath & Beyond(BBBY)$. BABA is essentially a Chinese stock subjected to different rules & regulations. BABA iss great for long term and the share price has been going up, especially now that the Chinese government has approved the IPO of ANT Group. But the present condition of stock market is unlikely to create sharting squeeze. I definitely look forward to BABA’s further expanesion of repurchase program if the management can afford it. Cohen has very strong holding power and he is very powerful when it comes to market influence. So he dhoukd be able to maje a lot of profits from his investment. But it will not be in the short term because the U.S. stock market is now under the threat of recession worries. A looming U.S. debt ceiling fight is also starting to worry investors. So i think it’s difficult fir a short aqueeze to happen.
Leave a comment
68
4