- 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.
For further details see:
Is Alibaba Stock A Buy Or Sell After $25 Billion Buyback Announcement?