$Alibaba(BABA)$ Despite the recent massive rally, $BABA remains incredibly cheap…
9.17% NTM FCF yield & >USD$68B in cash/ cash equivalent nett of debt.
Management'll likely continue to delever/recapitalize via divestment of non-core assets.
With animal spirits back, they can now look at spinning off non-core BU as well...
In aggregate, it should revalue the entire issue up several multiples inorganic/organically. Cheers 🥂
Modify on 2024-10-03 17:01
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Update : Base on Annual Report end 3/2024, cash/cash equivalent is at USD$63B nett debt (inclusive of all types of bonds & borrowings); it means they can settle anytime.