The Hidden Trap of Cash on Hand: Why YY's $4 Billion Isn't What It Seems

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The Hidden Trap of Cash on Hand: Why YY's $4 Billion Isn't What It Seems

$JOYY Inc.(YY)$ when you dumb dumbs talk about cash on hand as if that means anything just look at YY. It had $4 billion on hand, it’s more like 3.2-3.5 billion now and market cap is 1.2 billion.

In China Cash on hand is either a fake number, can’t be used due to currency controls, isn’t invested back in the company because the company leaders China aren’t smart capitalists like American CEOs/billionaires they have no idea what to do with cash, they feel no duty to buy back stock or give out dividends that are worth 3x market cap.

YY could give out $90 per share right now. They won’t. They also won’t grow or invest that money. They won’t even put the money into bonds for 5% growth. The money does nothing at all. $JOYY Inc.(YY)$

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