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DIDI - Is Alibaba Stock A Buy Or Sell After $25 Billion Buyback Announcement?
DiDi Global Inc. American Depositary Shares (each four representing one Class A)
The “sum of all fears” moment evaporated, as though the triggers never surfaced. Unfortunately, the nightmare ain’t over.
Alibaba expanded its share buyback program to $25 billion, up from $15 billion.
I explain why Alibaba didn’t use up the billions remaining in the original buyback program during the bear mauling to scoop up shares on the cheap before the announcement.
I rate BABA stock a Buy and offer four arguments for it, on top of all the benefits accruing from the expanded stock buyback program.