Cash is ~$87B
Debt is ~$23.5B
Total: ~$63.5B
Current market cap: $185b
In Q4 2023, $BABA paid $870 million in SBC. That leaves a net buyback of ~$4b for the QUARTER!
Now let’s do some quick math.
•$185b-$63.5b = $121b
•$4b * 4 = $16b/year buybacks
$BABA created ~$27b of free cash flow last year, which makes the 16b buybacks possible.
That means $BABA could buyback its entire stock within 7 years.
(That is expecting no growth in fcf a...

No one is being overly critical of growth investors. They’re being critical of speculators who “bought the dip” on growth stocks that were still holding a 100%+ gain YOY and then crying to the sub because they lost half the value of their portfolio by gambling. People on this sub have always been critical of folks who don’t properly evaluate risk. There’s another sub for get rich strategies for folks who want to light their money on fire. Every balanced portfolio should have growth and value sto...