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Big Bull

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- Big BullBig Bull
  ·2022-11-25
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- Big BullBig Bull
  ·2022-08-29
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- Big BullBig Bull
  ·2022-08-29
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  Why Did Rep. Michael Garcia Just Sell His AMC Stock?
  Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company'
  Why Did Rep. Michael Garcia Just Sell His AMC Stock?
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- Big BullBig Bull
  ·2022-08-22
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- Big BullBig Bull
  ·2022-08-07
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  AMC Stock: Sell on the Pounce?
  The multiplex operator posted financial results that were roughly in line with expectations. A special dividend could also be Kryptonite for potential synthetic short-sellers.
  AMC Stock: Sell on the Pounce?
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- Big BullBig Bull
  ·2022-08-02
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  Alibaba: Be Greedy When Others Are Fearful
  SummaryAlibaba has grown at a 5-year CAGR of more than 42%, but the company's stock is trading at a
  Alibaba: Be Greedy When Others Are Fearful
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- Big BullBig Bull
  ·2022-08-02
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- Big BullBig Bull
  ·2022-07-26
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  China's Alibaba to Apply for Primary Listing in Hong Kong
  Alibaba Group Holding Limited announces that its board of directors has authorized its management to
  China's Alibaba to Apply for Primary Listing in Hong Kong
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- Big BullBig Bull
  ·2022-07-11
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- Big BullBig Bull
  ·2022-07-10
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  Occidental Petroleum: Tidal Wave Of Cash Flow Hitting The Balance Sheet
  Occidental Petroleum Corporation (NYSE:OXY) made the Anadarko Petroleum acquisition and then had to
  Occidental Petroleum: Tidal Wave Of Cash Flow Hitting The Balance Sheet
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Michael Garcia Just Sell His AMC Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158445939","media":"InvestorPlace","summary":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company'","content":"<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">Web Link</a>\n\n</div>\n","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did Rep. Michael Garcia Just Sell His AMC Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did Rep. Michael Garcia Just Sell His AMC Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 09:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in...</p>\n\n<a href=\"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APE":"AMC Entertainment Preferred","AMC":"AMC院线"},"source_url":"https://investorplace.com/2022/08/why-did-rep-michael-garcia-just-sell-his-amc-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158445939","content_text":"Garcia sold between $1,001 and $15,000 of AMC Entertainment(AMC).The sale may be due to the company's preferred equity shares, AMC Preferred Equity Units(APE).Shares of AMC stock are down about 35% in the past month.Shares of AMC Entertainment(NYSE:AMC) are in focus after California House Representative Michael Garciadisclosed selling between $1,001 and $15,000 worth of the movie theater chain. AMC stock has declined in recent days due to the special dividend issuanceofAMC Entertainment Preferred Equity Units(NYSE:APE).Each APE unit carries the same voting rights as a share of AMC. In addition, both AMC and APE have 516.82 million shares outstanding. AMC noted the issuance of the APE dividend would “be similar to a 2/1 stock split.” On top of that, acclaimed investor Jim Chanos disclosed that he was short AMC and long APE in an arbitrage trade earlier this week. Chanos’ reason for shorting AMC may be the same reason Garcia is selling his shares.Let’s get into the details.Rep. Michael Garcia Sells Shares of AMC StockSince APE and AMC have the same voting rights and the same number of shares outstanding, Chanos reasons the two classes of equity should trade at roughly the same price. One difference between the two equities is that APE units carry preferred status. This means in the event of an AMC bankruptcy, APE shareholders will be entitled to receive payouts before AMC shareholders. Furthermore, APE units have the possibility to be converted into AMC shares. In order for this to happen, AMC’s board must propose a convertibility feature and receive shareholder approval. Chanos added:“Functionally, the two securities are the same. And I’d guess the apes will be putting pressure on Mr. Aron, if the discount continues, to make it freely convertible sooner rather than later.”Yesterday, AMC closed at $9.58 while APE closed at $7.13, representing a 34% difference to the upside. Today, APE is down more than 4%, while AMC is down 0.1%.Meanwhile, Quiver Quant’s Congress Long-Short Strategy is up 46% in the past year, compared with a 13% decline in the S&P 500. The strategy tracks trades of members of Congress and their family and takes a long position in stocks that have been bought and a short position in stocks that have been sold. The strategy carries a beta of 0.93 and a Sharpe ratio of 1.91.","news_type":1,"symbols_score_info":{"APE":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":2292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996180014,"gmtCreate":1661131849441,"gmtModify":1676536458408,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996180014","repostId":"2259032370","repostType":2,"isVote":1,"tweetType":1,"viewCount":2304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9905875753,"gmtCreate":1659860259174,"gmtModify":1703767185511,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905875753","repostId":"2257199676","repostType":4,"repost":{"id":"2257199676","kind":"highlight","pubTimestamp":1659843199,"share":"https://ttm.financial/m/news/2257199676?lang=&edition=fundamental","pubTime":"2022-08-07 11:33","market":"us","language":"en","title":"AMC Stock: Sell on the Pounce?","url":"https://stock-news.laohu8.com/highlight/detail?id=2257199676","media":"Motley Fool","summary":"The multiplex operator posted financial results that were roughly in line with expectations. A special dividend could also be Kryptonite for potential synthetic short-sellers.","content":"<div>\n<p>AMC Entertainment gave shareholders nearly everything they wanted on Thursday. It posted second-quarter results that may have failed to exceed expectations but confirmed that its turnaround is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/05/amc-stock-sell-on-the-pounce/\">Web Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Stock: Sell on the Pounce?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Stock: Sell on the Pounce?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-07 11:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/05/amc-stock-sell-on-the-pounce/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment gave shareholders nearly everything they wanted on Thursday. It posted second-quarter results that may have failed to exceed expectations but confirmed that its turnaround is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/05/amc-stock-sell-on-the-pounce/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2022/08/05/amc-stock-sell-on-the-pounce/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2257199676","content_text":"AMC Entertainment gave shareholders nearly everything they wanted on Thursday. It posted second-quarter results that may have failed to exceed expectations but confirmed that its turnaround is succeeding on most fronts.Adjusted earnings before interest, taxes depreciation, and amortization (EBITDA) and its operating-cash generated turned positive for the period. The country's leading multiplex operator also announced a stock dividend that should shake out any potential fake or synthetic short positions in AMC.It wasn't enough. The stock was trading more than 10% lower by Thursday night.There's still a lot to like in AMC's flawed but encouraging performance. The market may not have been initially impressed, but the stock has rallied sharply since bottoming out in the single digits back in May. Besides, if you've plopped yourself down at an AMC screening lately, you know that there'll be plot twists until the final credits roll.We've seen dramatic trading-day reversals at AMC before. Let's take a closer look at the good and the not so good in Thursday's developments.Everything, everywhere all at onceAMC's revenue rose 162% to $1.1664 billion. It's a big move, but this was roughly in line with expectations.We knew this would be a big step up for the exhibitor. Domestic box-office receipts for the industry in the second quarter soared 186%, compared to the weak slate in the springtime of last year. International exhibitors fared even better -- an important point since 22% of AMC's top-line results were international.Taking a deeper dive into its stateside operations, AMC lost market share -- but this isn't a deal-breaker. The number of tickets that AMC sold in the U.S. for the quarter rose 144%, and the average price paid per ticket climbed 5.7%. Stack one on top of the other, and you arrive at a 153% year-over-year increase, a big move but well below the national pop. This isn't a failure on AMC's part as much as it is smaller chains finally gaining momentum after false starts earlier in the pandemic cycle.The truly disappointing metric in terms of theater-level performance is that folks are starting to spend less after scanning their admissions to get into the local multiplex. The average food and beverage revenue per domestic patron has declined 5% over the past year, going from $7.91 to $7.52. The international drop is a more substantial 8% decline.This also isn't awful news. It was only natural for folks to overspend early last year, when returning to the movies after a long absence was a novelty. It's still comfortably above pre-pandemic spending levels, and as long as it stabilizes here, AMC should be fine with this high-margin part of its business.AMC's adjusted net loss -- once you take out the gain from the early extinguishment of debt and the hit from the sharp drop in market value of its Hycroft Mining investment -- clocks in at $102.8 million, or $0.20 a share. This is also roughly what analysts were modeling, but it's still encouraging to see AMC's adjusted bottom line generating less than a third of the red ink it was gushing a year earlier.With its operating cash generated and adjusted EBITDA now firmly positive, AMC is in a better position to tackle its rising borrowing costs (because cash interest expense has climbed 60% over the past year).UnchartedIn a move to bust the potential ring of fake short-sellers, AMC also declared a special dividend of an AMC Preferred share for every share outstanding. It will essentially be the equivalent of a 2-for-1 stock split, only the preferred stock will trade under the ticker symbol APE when it's distributed in two weeks.The move is intended to smoke out illegal shorts, but once again, we had CEO Adam Aron tweeting on Thursday night that he's seen no evidence of synthetic shorting of the multiplex operator.6. Candidly I've seen no evidence so-called fake or synthetic shares exist. But many of you disagree. This preferred equity dividend goes ONLY to company issued shares. So, it will have the impact of a \"share count\" or unique dividend many of you have sought. #TodayWePounceAron is giving some of the loudest retail shareholders what they want. As long as he also continues to give moviegoers what they want -- and that's just what we saw in the quarterly numbers -- AMC should be fine as the top dog of movie-theater stocks.","news_type":1,"symbols_score_info":{"AMC":1}},"isVote":1,"tweetType":1,"viewCount":2537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906012875,"gmtCreate":1659453017401,"gmtModify":1705980512198,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906012875","repostId":"1188690484","repostType":4,"repost":{"id":"1188690484","kind":"news","pubTimestamp":1659454673,"share":"https://ttm.financial/m/news/1188690484?lang=&edition=fundamental","pubTime":"2022-08-02 23:37","market":"us","language":"en","title":"Alibaba: Be Greedy When Others Are Fearful","url":"https://stock-news.laohu8.com/highlight/detail?id=1188690484","media":"Seeking Alpha","summary":"SummaryAlibaba has grown at a 5-year CAGR of more than 42%, but the company's stock is trading at a ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Alibaba has grown at a 5-year CAGR of more than 42%, but the company&#39;s stock is trading at a PE of about x17.</li><li>The stock is down about 70% from ATH and now trades at very attractive risk/reward levels.</li><li>Personally, I see more than 50% upside for BABA stock, as I calculate the company&#39;s fair value with a residual earnings model.</li></ul><p><b>Thesis</b></p><p>I am very bullish on Alibaba (NYSE:BABA) stock. I strongly believe that the market has priced in too much negativity and pessimism as compared to reality and investors are well advised to follow one of Buffett&#39;s key maxims:</p><blockquote>Be greedy when others are fearful.</blockquote><p>Alibaba has grown at a 5-year CAGR of more than 42%, but the company&#39;s stock is trading at a PE of about x17. This indicates a clear undervaluation.</p><p>Of course, I understand that investors are worried about a potential ADR delisting, slowing economy and crackdown on internet/tech companies. However, just like a bull market tops on the most bullish conditions, a bear market bottoms on the most bearish conditions. While investors should study and understand the risks, I personally believe that Alibaba stock will rebound strongly from current price levels of below $100/share.</p><p>Personally, I see more than 50% upside for BABA stock, as I calculate the company&#39;s fair value with a residual earnings model anchored on fundamentals and analyst consensus estimates. My target price is $133.92.</p><p><b>A Best-In-Class Company</b></p><p>Alibaba is one of the biggest e-commerce companies in the world. The company operates three main shopping sites Taobao, Tmall and Alibaba.com, which cumulatively serve some 828 million monthly active buyers (fiscal year ending March 31, 2021).</p><p>Alibaba also has stakes in multiple innovative internet/technology businesses such as Youku (video entertainment), Pony.Ai (Autonomous Driving) and most notably Ant Group (The world&#39;s biggest financial service company). Alipay serves almost the entire population in China. The platform has 1.3 billion users and 80 million merchants. Notably, the total payment volume of Alipay was more than $19 trillion in 2021.</p><p>Moreover, Alibaba is a dominant force in China&#39;s cloud market with about37% market share. China&#39;s cloud market is expected to grow at a 4-year CAGR of more than 25%, reaching $85 billion in 2026. As the market leader in China, Alibaba is poised to benefit from this super-charged cloud-growth. Cloud is also a business vertical where the company should enjoy government tailwind, as the Chinese Communist Party is actively supporting digitalization efforts of the economy and has made cloud development a key-priority in the party&#39;s5-year development plan.</p><p><b>Bullish Financials</b></p><p>In the past financial year, the Alibaba Group generated total revenues of about $134.5 billion and recorded an operating income of about $15 billion. Most notably in the past five years, from March 2017 to March 2022, Alibaba has grown at an unbelievable 5-year CAGR of 42%. For reference, this is almost double the growth rate of Amazon, which grew at a 5-year CAGR of 22% CAGR over the same period. Alibaba closed the fiscal year 2021 with 9.8 billion of net-income available to common shareholders.</p><p>Alibaba&#39;sbalance sheet is very strong: As of March 2022, the company recorded $71.7 billion of cash and cash equivalents and only $27.85 of total financial debt. This makes Alibaba a net-creditor of about $43 billion -- which is 17% of the company&#39;s market capitalization. Moreover, Alibaba&#39;s business operations, despite the strong growth, are cash-accretive. In fiscal 2021, the company generated cash from operations of $22.5 billion. Under these circumstances it should come to no surprise that the company announced a $25 billion share-buyback program, more than 10% of the outstanding shares) in March 2022.</p><p>Alibaba will announce earnings for the quarter from April to end of June on August 4th before the market open. Analyst consensus expects total revenues of $30.21 billion and EPS of $1.56.</p><p><b>The Buying Opportunity</b></p><p>Despite the strong business fundamentals, Alibaba stock suffered a spectacular sell-off. BABA shares are down about 70% from ATH as the company was pressured by multiple headwinds: ADR delisting fears, as slowing economy , Covid-19 lockdowns and an aggressive regulatory crackdown that started with the cancellation of the Ant Group IPO in November 2020.</p><p><img src=\"https://static.tigerbbs.com/c01e6eab7204bcc90b5af9aa0d87ac85\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>Alibaba is a quality company, and the stock&#39;s undervaluation is no secret to investors. The key-question is: is the worst behind, and can investors safely invest in Alibaba stock?</p><p>I strongly believe that a safe investment does not exist. In my opinion, every investment opportunity must be judged as a function of its price. And the lower the price, the less risky an investment becomes. Thus, investing is a question of risk/reward. Given Alibaba&#39;s extremely depressed valuation - now the company&#39;s stock is trading at a PE of about x17- I argue an investment is justified.</p><p>Moreover, there are signs that all of Alibaba&#39;s headwinds are easing and the negativity surrounding the stock has peaked. China has on multiple occasions tried to communicate to investors that the internet/technology crackdown is coming to an end and is actively supporting the healthy expansion of digital platform economies.</p><p>In addition, China has vowed to push more fiscal economic support- with a special focus on digitalization. While western economies are hawkish on fiscal and monetary stimulus - ending a decade long easing cycle, China is one of the few economies that appears to start a new stimulus cycle.</p><p>Analysts agree with the bullish thesis. In general, analysts are very bullish on Alibaba stock. Based on ratings of 44 analysts, 33 analysts give a Strong Buy rating, 8 are Buy rated and 3 assign a Hold recommendation. There is no Sell or Strong Sell rating. The average price target is $155.47/share, indicating more than 70% upside.</p><p><img src=\"https://static.tigerbbs.com/8fa3c940aeeed4780c87b1ca71bdb180\" tg-width=\"640\" tg-height=\"228\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p><b>Residual Earnings Valuation</b></p><p>Let us now look at the valuation. What could be a fair per-share value for Alibaba stock? To answer the question, I have constructed a Residual Earnings framework and anchor on the following assumptions:</p><ul><li>To forecast EPS, I anchor on consensus analyst forecast as available on the Bloomberg Terminal &#39;till 2025. In my opinion, any estimate beyond 2025 is too speculative to include in a valuation framework. But for 2-3 years, analyst consensus is usually quite precise.</li><li>To estimate the cost of capital, I use the WACC framework. I model a three-year regression against the Hang Seng to find the stock&#39;s beta. For the risk-free rate, I used the U.S. 10-year treasury yield as of July 22nd, 2022. My calculation indicates a fair WACC of about 9.8%. I adjust upward to 12% in order to reflect the company&#39;s idiosyncratic market risk.</li><li>To derive Baidu&#39;s tax rate, I extrapolate the 3-year average effective tax-rate from 2019, 2020 and 2021.</li><li>For the terminal growth rate, I apply expected nominal GDP growth plus one percentage point to reflect a favorable growth outlook for Alibaba&#39;s high-potential initiatives</li><li>I do not model any share buyback further supporting a conservative valuation.</li></ul><p>Based on the above assumptions, my calculation returns a base-case target price for Alibaba of $133.92/share, implying material upside of more than 50%.</p><p><img src=\"https://static.tigerbbs.com/b7cb860aca7fa48ef2afe7e265d3effa\" tg-width=\"640\" tg-height=\"229\" referrerpolicy=\"no-referrer\"/></p><p>Analyst Consensus EPS; Author&#39;s Calculation</p><p>I understand that investors might have different assumptions with regards to Alibaba&#39;s required return and terminal business growth. Thus, I also enclose a sensitivity table to test varying assumptions. For reference, red-cells imply an overvaluation as compared to the current market price, and green-cells imply an undervaluation. Notably, all tested combinations imply an undervaluation!</p><p><img src=\"https://static.tigerbbs.com/62ba3323a1f09e75477921298d84cbf8\" tg-width=\"640\" tg-height=\"154\" referrerpolicy=\"no-referrer\"/></p><p>Analyst Consensus EPS; Author&#39;s Calculation</p><p><b>Investment Risks</b></p><p>Investors should be aware of the following downside risks that might cause Alibaba stock to materially deviate from my base-case target price of $133.92/share:</p><p>First, the economy is currently pressured by multiple headwinds including inflation, real-estate crisis and COVID-19 lockdowns. If the economy would slow more than what is expected and priced in, investors should adjust expectations for Alibaba&#39;s short/mid-term business monetization accordingly.</p><p>Secondly, China&#39;s internet/tech companies are strongly exposed to regulatory risk. While the worst seems to be behind us, the elevated risk exposure persists -- and will arguably never completely fade.</p><p>Third, much of BABA&#39;s share price volatility is currently driven by investor sentiment towards Chinese ADRs and risk assets. Thus, BABA stock price might show strong price volatility even though the company&#39;s business fundamentals remain unchanged.</p><p><b>Conclusion</b></p><p>Alibaba stock is down 70% from ATH, but the company remains a global powerhouse with enormous long-term potential. Trading at a PE of below x17, despite growing like a start-up, I argue Alibaba&#39;s sell-off could offer long-term focused investors, that can stomach short term share-price volatility, a generational buying opportunity.</p><p>Personally, I see more than 50% upside for BABA stock, despite cautious and conservative valuation assumptions. Strong Buy.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: Be Greedy When Others Are Fearful</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba: Be Greedy When Others Are Fearful\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-02 23:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4528176-alibaba-be-greedy-when-others-fearful><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAlibaba has grown at a 5-year CAGR of more than 42%, but the company's stock is trading at a PE of about x17.The stock is down about 70% from ATH and now trades at very attractive risk/reward ...</p>\n\n<a href=\"https://seekingalpha.com/article/4528176-alibaba-be-greedy-when-others-fearful\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4528176-alibaba-be-greedy-when-others-fearful","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188690484","content_text":"SummaryAlibaba has grown at a 5-year CAGR of more than 42%, but the company's stock is trading at a PE of about x17.The stock is down about 70% from ATH and now trades at very attractive risk/reward levels.Personally, I see more than 50% upside for BABA stock, as I calculate the company's fair value with a residual earnings model.ThesisI am very bullish on Alibaba (NYSE:BABA) stock. I strongly believe that the market has priced in too much negativity and pessimism as compared to reality and investors are well advised to follow one of Buffett's key maxims:Be greedy when others are fearful.Alibaba has grown at a 5-year CAGR of more than 42%, but the company's stock is trading at a PE of about x17. This indicates a clear undervaluation.Of course, I understand that investors are worried about a potential ADR delisting, slowing economy and crackdown on internet/tech companies. However, just like a bull market tops on the most bullish conditions, a bear market bottoms on the most bearish conditions. While investors should study and understand the risks, I personally believe that Alibaba stock will rebound strongly from current price levels of below $100/share.Personally, I see more than 50% upside for BABA stock, as I calculate the company's fair value with a residual earnings model anchored on fundamentals and analyst consensus estimates. My target price is $133.92.A Best-In-Class CompanyAlibaba is one of the biggest e-commerce companies in the world. The company operates three main shopping sites Taobao, Tmall and Alibaba.com, which cumulatively serve some 828 million monthly active buyers (fiscal year ending March 31, 2021).Alibaba also has stakes in multiple innovative internet/technology businesses such as Youku (video entertainment), Pony.Ai (Autonomous Driving) and most notably Ant Group (The world's biggest financial service company). Alipay serves almost the entire population in China. The platform has 1.3 billion users and 80 million merchants. Notably, the total payment volume of Alipay was more than $19 trillion in 2021.Moreover, Alibaba is a dominant force in China's cloud market with about37% market share. China's cloud market is expected to grow at a 4-year CAGR of more than 25%, reaching $85 billion in 2026. As the market leader in China, Alibaba is poised to benefit from this super-charged cloud-growth. Cloud is also a business vertical where the company should enjoy government tailwind, as the Chinese Communist Party is actively supporting digitalization efforts of the economy and has made cloud development a key-priority in the party's5-year development plan.Bullish FinancialsIn the past financial year, the Alibaba Group generated total revenues of about $134.5 billion and recorded an operating income of about $15 billion. Most notably in the past five years, from March 2017 to March 2022, Alibaba has grown at an unbelievable 5-year CAGR of 42%. For reference, this is almost double the growth rate of Amazon, which grew at a 5-year CAGR of 22% CAGR over the same period. Alibaba closed the fiscal year 2021 with 9.8 billion of net-income available to common shareholders.Alibaba'sbalance sheet is very strong: As of March 2022, the company recorded $71.7 billion of cash and cash equivalents and only $27.85 of total financial debt. This makes Alibaba a net-creditor of about $43 billion -- which is 17% of the company's market capitalization. Moreover, Alibaba's business operations, despite the strong growth, are cash-accretive. In fiscal 2021, the company generated cash from operations of $22.5 billion. Under these circumstances it should come to no surprise that the company announced a $25 billion share-buyback program, more than 10% of the outstanding shares) in March 2022.Alibaba will announce earnings for the quarter from April to end of June on August 4th before the market open. Analyst consensus expects total revenues of $30.21 billion and EPS of $1.56.The Buying OpportunityDespite the strong business fundamentals, Alibaba stock suffered a spectacular sell-off. BABA shares are down about 70% from ATH as the company was pressured by multiple headwinds: ADR delisting fears, as slowing economy , Covid-19 lockdowns and an aggressive regulatory crackdown that started with the cancellation of the Ant Group IPO in November 2020.Seeking AlphaAlibaba is a quality company, and the stock's undervaluation is no secret to investors. The key-question is: is the worst behind, and can investors safely invest in Alibaba stock?I strongly believe that a safe investment does not exist. In my opinion, every investment opportunity must be judged as a function of its price. And the lower the price, the less risky an investment becomes. Thus, investing is a question of risk/reward. Given Alibaba's extremely depressed valuation - now the company's stock is trading at a PE of about x17- I argue an investment is justified.Moreover, there are signs that all of Alibaba's headwinds are easing and the negativity surrounding the stock has peaked. China has on multiple occasions tried to communicate to investors that the internet/technology crackdown is coming to an end and is actively supporting the healthy expansion of digital platform economies.In addition, China has vowed to push more fiscal economic support- with a special focus on digitalization. While western economies are hawkish on fiscal and monetary stimulus - ending a decade long easing cycle, China is one of the few economies that appears to start a new stimulus cycle.Analysts agree with the bullish thesis. In general, analysts are very bullish on Alibaba stock. Based on ratings of 44 analysts, 33 analysts give a Strong Buy rating, 8 are Buy rated and 3 assign a Hold recommendation. There is no Sell or Strong Sell rating. The average price target is $155.47/share, indicating more than 70% upside.Seeking AlphaResidual Earnings ValuationLet us now look at the valuation. What could be a fair per-share value for Alibaba stock? To answer the question, I have constructed a Residual Earnings framework and anchor on the following assumptions:To forecast EPS, I anchor on consensus analyst forecast as available on the Bloomberg Terminal 'till 2025. In my opinion, any estimate beyond 2025 is too speculative to include in a valuation framework. But for 2-3 years, analyst consensus is usually quite precise.To estimate the cost of capital, I use the WACC framework. I model a three-year regression against the Hang Seng to find the stock's beta. For the risk-free rate, I used the U.S. 10-year treasury yield as of July 22nd, 2022. My calculation indicates a fair WACC of about 9.8%. I adjust upward to 12% in order to reflect the company's idiosyncratic market risk.To derive Baidu's tax rate, I extrapolate the 3-year average effective tax-rate from 2019, 2020 and 2021.For the terminal growth rate, I apply expected nominal GDP growth plus one percentage point to reflect a favorable growth outlook for Alibaba's high-potential initiativesI do not model any share buyback further supporting a conservative valuation.Based on the above assumptions, my calculation returns a base-case target price for Alibaba of $133.92/share, implying material upside of more than 50%.Analyst Consensus EPS; Author's CalculationI understand that investors might have different assumptions with regards to Alibaba's required return and terminal business growth. Thus, I also enclose a sensitivity table to test varying assumptions. For reference, red-cells imply an overvaluation as compared to the current market price, and green-cells imply an undervaluation. Notably, all tested combinations imply an undervaluation!Analyst Consensus EPS; Author's CalculationInvestment RisksInvestors should be aware of the following downside risks that might cause Alibaba stock to materially deviate from my base-case target price of $133.92/share:First, the economy is currently pressured by multiple headwinds including inflation, real-estate crisis and COVID-19 lockdowns. If the economy would slow more than what is expected and priced in, investors should adjust expectations for Alibaba's short/mid-term business monetization accordingly.Secondly, China's internet/tech companies are strongly exposed to regulatory risk. While the worst seems to be behind us, the elevated risk exposure persists -- and will arguably never completely fade.Third, much of BABA's share price volatility is currently driven by investor sentiment towards Chinese ADRs and risk assets. Thus, BABA stock price might show strong price volatility even though the company's business fundamentals remain unchanged.ConclusionAlibaba stock is down 70% from ATH, but the company remains a global powerhouse with enormous long-term potential. Trading at a PE of below x17, despite growing like a start-up, I argue Alibaba's sell-off could offer long-term focused investors, that can stomach short term share-price volatility, a generational buying opportunity.Personally, I see more than 50% upside for BABA stock, despite cautious and conservative valuation assumptions. Strong Buy.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":3207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906016358,"gmtCreate":1659452903677,"gmtModify":1705980510245,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906016358","repostId":"2256696376","repostType":2,"isVote":1,"tweetType":1,"viewCount":2008,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909909608,"gmtCreate":1658795460404,"gmtModify":1676536208213,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"Good 👍&nbsp;","listText":"Good 👍&nbsp;","text":"Good 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9909909608","repostId":"1144847500","repostType":2,"repost":{"id":"1144847500","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1658794412,"share":"https://ttm.financial/m/news/1144847500?lang=&edition=fundamental","pubTime":"2022-07-26 08:13","market":"us","language":"en","title":"China's Alibaba to Apply for Primary Listing in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1144847500","media":"Tiger Newspress","summary":"Alibaba Group Holding Limited announces that its board of directors has authorized its management to","content":"<html><head></head><body><p>Alibaba Group Holding Limited announces that its board of directors has authorized its management to apply to change its listing status to a primary listing on the Main Board of the Hong Kong Stock Exchange.</p><p>Alibaba currently maintains a secondary listing on the Main Board of the Hong Kong Stock Exchange and will apply for a change of listing status to a primary listing pursuant to the Hong Kong Listing Rules (the “Application”), which is expected to become effective prior to the end of 2022. Upon completion of this change, Alibaba will become a dual-primary listed company on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) and on the Hong Kong Stock Exchange in the form of ordinary shares. The Company’s ADSs listed in the United States and the shares listed in Hong Kong are fungible, and investors can continue to choose to hold their shares in the form of ADSs traded on the New York Stock Exchange or ordinary shares traded on the Hong Kong Stock Exchange.</p><p>Since the Company’s secondary listing in Hong Kong in November 2019, there has been a significant increase in its public float on the Hong Kong Stock Exchange. In the six months ended June 30, 2022, its average daily trading volume in Hong Kong was approximately US$0.7 billion, compared to an average daily trading volume of approximately US$3.2 billion in the United States. Given the substantial presence of its business operations in Greater China, the Company expects that its dual-primary listing status would allow it to broaden its investor base, and facilitate incremental liquidity, in particular expand access to China- and other Asia-based investors.</p><p>The completion of the primary listing process in Hong Kong is conditional upon and subject to, among other things, satisfaction of the relevant requirements of the Hong Kong Stock Exchange and market conditions. The company will make further announcement(s) with respect to the Application as and when appropriate.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Alibaba to Apply for Primary Listing in Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Alibaba to Apply for Primary Listing in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-07-26 08:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group Holding Limited announces that its board of directors has authorized its management to apply to change its listing status to a primary listing on the Main Board of the Hong Kong Stock Exchange.</p><p>Alibaba currently maintains a secondary listing on the Main Board of the Hong Kong Stock Exchange and will apply for a change of listing status to a primary listing pursuant to the Hong Kong Listing Rules (the “Application”), which is expected to become effective prior to the end of 2022. Upon completion of this change, Alibaba will become a dual-primary listed company on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) and on the Hong Kong Stock Exchange in the form of ordinary shares. The Company’s ADSs listed in the United States and the shares listed in Hong Kong are fungible, and investors can continue to choose to hold their shares in the form of ADSs traded on the New York Stock Exchange or ordinary shares traded on the Hong Kong Stock Exchange.</p><p>Since the Company’s secondary listing in Hong Kong in November 2019, there has been a significant increase in its public float on the Hong Kong Stock Exchange. In the six months ended June 30, 2022, its average daily trading volume in Hong Kong was approximately US$0.7 billion, compared to an average daily trading volume of approximately US$3.2 billion in the United States. Given the substantial presence of its business operations in Greater China, the Company expects that its dual-primary listing status would allow it to broaden its investor base, and facilitate incremental liquidity, in particular expand access to China- and other Asia-based investors.</p><p>The completion of the primary listing process in Hong Kong is conditional upon and subject to, among other things, satisfaction of the relevant requirements of the Hong Kong Stock Exchange and market conditions. The company will make further announcement(s) with respect to the Application as and when appropriate.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144847500","content_text":"Alibaba Group Holding Limited announces that its board of directors has authorized its management to apply to change its listing status to a primary listing on the Main Board of the Hong Kong Stock Exchange.Alibaba currently maintains a secondary listing on the Main Board of the Hong Kong Stock Exchange and will apply for a change of listing status to a primary listing pursuant to the Hong Kong Listing Rules (the “Application”), which is expected to become effective prior to the end of 2022. Upon completion of this change, Alibaba will become a dual-primary listed company on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) and on the Hong Kong Stock Exchange in the form of ordinary shares. The Company’s ADSs listed in the United States and the shares listed in Hong Kong are fungible, and investors can continue to choose to hold their shares in the form of ADSs traded on the New York Stock Exchange or ordinary shares traded on the Hong Kong Stock Exchange.Since the Company’s secondary listing in Hong Kong in November 2019, there has been a significant increase in its public float on the Hong Kong Stock Exchange. In the six months ended June 30, 2022, its average daily trading volume in Hong Kong was approximately US$0.7 billion, compared to an average daily trading volume of approximately US$3.2 billion in the United States. Given the substantial presence of its business operations in Greater China, the Company expects that its dual-primary listing status would allow it to broaden its investor base, and facilitate incremental liquidity, in particular expand access to China- and other Asia-based investors.The completion of the primary listing process in Hong Kong is conditional upon and subject to, among other things, satisfaction of the relevant requirements of the Hong Kong Stock Exchange and market conditions. The company will make further announcement(s) with respect to the Application as and when appropriate.","news_type":1,"symbols_score_info":{"BABA":0.9,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":1907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071874322,"gmtCreate":1657513836866,"gmtModify":1676536018414,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"👌 good 👍&nbsp;","listText":"👌 good 👍&nbsp;","text":"👌 good 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071874322","repostId":"2250787776","repostType":2,"isVote":1,"tweetType":1,"viewCount":3207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071068393,"gmtCreate":1657430780312,"gmtModify":1676536007418,"author":{"id":"4094912318336650","authorId":"4094912318336650","name":"Big Bull","avatar":"https://static.tigerbbs.com/a882f1e1fca8900b7ba0fae0ed568a02","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4094912318336650","idStr":"4094912318336650"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071068393","repostId":"2250181946","repostType":4,"repost":{"id":"2250181946","kind":"highlight","pubTimestamp":1657423573,"share":"https://ttm.financial/m/news/2250181946?lang=&edition=fundamental","pubTime":"2022-07-10 11:26","market":"us","language":"en","title":"Occidental Petroleum: Tidal Wave Of Cash Flow Hitting The Balance Sheet","url":"https://stock-news.laohu8.com/highlight/detail?id=2250181946","media":"Seekingalpha","summary":"Occidental Petroleum Corporation (NYSE:OXY) made the Anadarko Petroleum acquisition and then had to ","content":"<html><head></head><body><p>Occidental Petroleum Corporation (NYSE:OXY) made the Anadarko Petroleum acquisition and then had to endure first an OPEC pricing war followed by the coronavirus demand destruction. The next surprise, the Ukrainian war, finally gave this company what it needed to straighten itself out from the acquisition (and that is strong commodity prices).</p><p>This company, like so many others, needs to get &#34;back on track.&#34; This industry is notorious for low visibility. Therefore, the challenges will be to get everything done that needs to be done while commodity prices remain strong. The payback for shareholders could be quite a bit from current prices if management succeeds.</p><p></p><p><img src=\"https://static.tigerbbs.com/99ee24aae8b232cdc6ff9071d1f7d50f\" tg-width=\"640\" tg-height=\"345\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Occidental Petroleum Cash Flow Statement First Quarter 2022. (Occidental Petroleum First Quarter 2022, Earnings Press Release Supplemental Schedules)</p><p>The biggest consideration has to be that cash flow before working capital changes took a huge leap past $4 billion in one quarter. The main (if not only significant) reason that working capital changes were negative is the increasing commodity prices made the same sales volumes far more costly. Therefore, accounts receivable would soak up working capital.</p><p>Fellow industry competitor ExxonMobil (XOM) has set the stage for earnings expectations by stating that profits are going to take a big jump in the second quarter. Occidental Petroleum is not nearly as diversified. But the upstream operations will report a badly needed great cash flow quarter. It does not take many of those great quarters to make the acquisition look good.</p><p>That is not going to be happening every quarter. At some point there will be a cyclical downturn to reverse what just happened. Before that, there should be a point in time where prices level out or reach a slightly lower equilibrium until supplies exceed demand to bring about the next cyclical downturn. That means operating cash flow from continuing operations will increase even if prices do not strengthen anymore. Hopefully this time around, the industry experiences something approaching a normal &#34;good times&#34; that lasts a year or two longer than the last time in 2018.</p><p>For a company like Occidental (where management plans got derailed), this is a chance for redemption in the eyes of the market. The market clearly sent the stock to a price level that indicated very little faith in the ability of management to navigate the future. It clearly did not turn out that way, of course. But the market clearly still has its doubts.</p><p></p><p><img src=\"https://static.tigerbbs.com/89a7602071902586176511496425b8d6\" tg-width=\"640\" tg-height=\"355\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Occidental Petroleum Common Stock Price History And Key Valuation Measures (Seeking Alpha Website July 8, 2022)</p><p>This stock is nothing close to the levels achieved before the pandemic. Part of that is due to the unknowns of the pandemic and the effect of delaying the company deleveraging plans. Supposedly, when managements make an acquisition (and plan to deleverage) they include a &#34;cushion&#34; in case the worst happens. However, the market may have feared that fiscal year 2020 was beyond anything management could have planned. That may well be true.</p><p>But most managements, including this one, will attempt to fix what they can. The latest pricing environment is a very welcome change from the environment that greeted the acquisition. The risk is that this environment does not last long enough or that very weak prices in the next downturn last too long. Hence the stock price rally may be muted until the market sees lower debt.</p><p>On the other hand, management repaid a lot of debt in the first quarter. As a result, management is on track to meet a $20 billion debt goal much sooner than anyone could have imagined 2 years ago. The lower debt allows the dividend restoration to begin far sooner than the market anticipated as well.</p><h2>Typical Acquisition</h2><p>Occidental did nothing different than much of the industry.</p><p>Cenovus Energy (CVE) acquired the half of the partnership from ConocoPhillips (COP) that it did not own by both using common stock and debt. Management by all accounts fully leveraged the company (probably way more than the stock market wanted because the market proceeded to dump the common).</p><p>Even though management had a plan to deleverage the balance sheet and by all accounts executed that plan well, the stock market kept the stock in the doghouse for long past the time after the balance sheet was straightened out.</p><p>The market did not care about details like better cash flow from increasing production. Only now after the company acquired additional refining capacity has the market begun to allow the stock out of the doghouse.</p><p></p><p><img src=\"https://static.tigerbbs.com/8e655c37ee8c5cfe259c308deab7b725\" tg-width=\"640\" tg-height=\"349\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Cenovus Energy Common Stock Price History And Key Valuation Measures (Seeking Alpha Website July 8, 2022.)</p><p>Cash flow improved throughout the challenges presented by this industry. But as shown above, the market really has not noticed this stock until relatively recently despite tremendous cash flow improvement since the acquisition.</p><p>The point of all of this is that Occidental used a strategy that is actually fairly common throughout the industry. What was not common was the OPEC pricing war followed by the coronavirus demand destruction after that. The sizable cash flow demonstrated by the company is finally showing some demonstration to the market of the benefits of this acquisition.</p><p>With Cenovus, the cash flow improvement was far more (as a percentage change) significant. Yet Mr. Market kept the stock in the doghouse for several years as cash flow improved. Occidental will do very well if cash flow doubles at various pricing points from the acquisition.</p><p>That means that for Occidental, now is the time to prove to the market that future financial performance per share will exceed the results before the acquisition. It is not unusual for a large acquisition to take a few years to meet the goals of management. The strong commodity sales prices may allow for more cash to be available to speed up the optimization process while repaying debt.</p><h2>The Future</h2><p>Clearly Occidental has another quarter of significant debt reduction &#34;in the bag&#34; unless yet another unexpected event happens. After that it is less clear to the market.</p><p>On the other hand, the company needs to generate sustained earning power that is superior to the time before the acquisition. This is where a lot of large acquisitions fail to meet management expectations. Therefore, the market doubts about future earnings are reasonable.</p><p>Should management meet its goals for the acquisition, then the stock price will likely continue to at least the old highs. Generally, management makes any acquisition to do better in the next business cycle. Whether management has had enough time to optimize operations while assimilating this large acquisition remains an open question to the market.</p><p>Warren Buffet keeps buying the stock because the industry is unusually cheap. Price earnings ratios collapsed during the coronavirus demand destruction and really have not yet cyclically recovered. There is a lot of pessimism priced into this history because of what happened in the time period starting in 2015 through 2020.</p><p>But this industry is much better prepared for the low visibility than it was back in 2015. The pessimism likely remains overdone because Mr. Market expects the past to continue. Yet the speculative equity and lending money that rushed in (in the past) continues to be absent because of the severe speculative losses that followed. That absence is likely to continue.</p><p>At least now, it would appear that this stock has at least a speculative chance to exceed the old high prices of the last cycle. How much more than that depends upon the evaluation of the performance of the acquired properties.</p><p>The debt reduction to $20 billion will do a lot to restore the faith of the market in the balance sheet of the company. The next step is probably to get quarterly earnings past $3 per share. Stay tuned to see how well management performs in the future. It appears that the company is now back on track with the original plan.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum: Tidal Wave Of Cash Flow Hitting The Balance Sheet</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum: Tidal Wave Of Cash Flow Hitting The Balance Sheet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-10 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4522472-occidental-petroleum-tidal-wave-of-cash-flow-hitting-the-balance-sheet><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Occidental Petroleum Corporation (NYSE:OXY) made the Anadarko Petroleum acquisition and then had to endure first an OPEC pricing war followed by the coronavirus demand destruction. The next surprise, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4522472-occidental-petroleum-tidal-wave-of-cash-flow-hitting-the-balance-sheet\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"https://seekingalpha.com/article/4522472-occidental-petroleum-tidal-wave-of-cash-flow-hitting-the-balance-sheet","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2250181946","content_text":"Occidental Petroleum Corporation (NYSE:OXY) made the Anadarko Petroleum acquisition and then had to endure first an OPEC pricing war followed by the coronavirus demand destruction. The next surprise, the Ukrainian war, finally gave this company what it needed to straighten itself out from the acquisition (and that is strong commodity prices).This company, like so many others, needs to get \"back on track.\" This industry is notorious for low visibility. Therefore, the challenges will be to get everything done that needs to be done while commodity prices remain strong. The payback for shareholders could be quite a bit from current prices if management succeeds.Occidental Petroleum Cash Flow Statement First Quarter 2022. (Occidental Petroleum First Quarter 2022, Earnings Press Release Supplemental Schedules)The biggest consideration has to be that cash flow before working capital changes took a huge leap past $4 billion in one quarter. The main (if not only significant) reason that working capital changes were negative is the increasing commodity prices made the same sales volumes far more costly. Therefore, accounts receivable would soak up working capital.Fellow industry competitor ExxonMobil (XOM) has set the stage for earnings expectations by stating that profits are going to take a big jump in the second quarter. Occidental Petroleum is not nearly as diversified. But the upstream operations will report a badly needed great cash flow quarter. It does not take many of those great quarters to make the acquisition look good.That is not going to be happening every quarter. At some point there will be a cyclical downturn to reverse what just happened. Before that, there should be a point in time where prices level out or reach a slightly lower equilibrium until supplies exceed demand to bring about the next cyclical downturn. That means operating cash flow from continuing operations will increase even if prices do not strengthen anymore. Hopefully this time around, the industry experiences something approaching a normal \"good times\" that lasts a year or two longer than the last time in 2018.For a company like Occidental (where management plans got derailed), this is a chance for redemption in the eyes of the market. The market clearly sent the stock to a price level that indicated very little faith in the ability of management to navigate the future. It clearly did not turn out that way, of course. But the market clearly still has its doubts.Occidental Petroleum Common Stock Price History And Key Valuation Measures (Seeking Alpha Website July 8, 2022)This stock is nothing close to the levels achieved before the pandemic. Part of that is due to the unknowns of the pandemic and the effect of delaying the company deleveraging plans. Supposedly, when managements make an acquisition (and plan to deleverage) they include a \"cushion\" in case the worst happens. However, the market may have feared that fiscal year 2020 was beyond anything management could have planned. That may well be true.But most managements, including this one, will attempt to fix what they can. The latest pricing environment is a very welcome change from the environment that greeted the acquisition. The risk is that this environment does not last long enough or that very weak prices in the next downturn last too long. Hence the stock price rally may be muted until the market sees lower debt.On the other hand, management repaid a lot of debt in the first quarter. As a result, management is on track to meet a $20 billion debt goal much sooner than anyone could have imagined 2 years ago. The lower debt allows the dividend restoration to begin far sooner than the market anticipated as well.Typical AcquisitionOccidental did nothing different than much of the industry.Cenovus Energy (CVE) acquired the half of the partnership from ConocoPhillips (COP) that it did not own by both using common stock and debt. Management by all accounts fully leveraged the company (probably way more than the stock market wanted because the market proceeded to dump the common).Even though management had a plan to deleverage the balance sheet and by all accounts executed that plan well, the stock market kept the stock in the doghouse for long past the time after the balance sheet was straightened out.The market did not care about details like better cash flow from increasing production. Only now after the company acquired additional refining capacity has the market begun to allow the stock out of the doghouse.Cenovus Energy Common Stock Price History And Key Valuation Measures (Seeking Alpha Website July 8, 2022.)Cash flow improved throughout the challenges presented by this industry. But as shown above, the market really has not noticed this stock until relatively recently despite tremendous cash flow improvement since the acquisition.The point of all of this is that Occidental used a strategy that is actually fairly common throughout the industry. What was not common was the OPEC pricing war followed by the coronavirus demand destruction after that. The sizable cash flow demonstrated by the company is finally showing some demonstration to the market of the benefits of this acquisition.With Cenovus, the cash flow improvement was far more (as a percentage change) significant. Yet Mr. Market kept the stock in the doghouse for several years as cash flow improved. Occidental will do very well if cash flow doubles at various pricing points from the acquisition.That means that for Occidental, now is the time to prove to the market that future financial performance per share will exceed the results before the acquisition. It is not unusual for a large acquisition to take a few years to meet the goals of management. The strong commodity sales prices may allow for more cash to be available to speed up the optimization process while repaying debt.The FutureClearly Occidental has another quarter of significant debt reduction \"in the bag\" unless yet another unexpected event happens. After that it is less clear to the market.On the other hand, the company needs to generate sustained earning power that is superior to the time before the acquisition. This is where a lot of large acquisitions fail to meet management expectations. Therefore, the market doubts about future earnings are reasonable.Should management meet its goals for the acquisition, then the stock price will likely continue to at least the old highs. Generally, management makes any acquisition to do better in the next business cycle. Whether management has had enough time to optimize operations while assimilating this large acquisition remains an open question to the market.Warren Buffet keeps buying the stock because the industry is unusually cheap. Price earnings ratios collapsed during the coronavirus demand destruction and really have not yet cyclically recovered. There is a lot of pessimism priced into this history because of what happened in the time period starting in 2015 through 2020.But this industry is much better prepared for the low visibility than it was back in 2015. The pessimism likely remains overdone because Mr. Market expects the past to continue. Yet the speculative equity and lending money that rushed in (in the past) continues to be absent because of the severe speculative losses that followed. That absence is likely to continue.At least now, it would appear that this stock has at least a speculative chance to exceed the old high prices of the last cycle. How much more than that depends upon the evaluation of the performance of the acquired properties.The debt reduction to $20 billion will do a lot to restore the faith of the market in the balance sheet of the company. The next step is probably to get quarterly earnings past $3 per share. Stay tuned to see how well management performs in the future. It appears that the company is now back on track with the original plan.","news_type":1,"symbols_score_info":{"OXY":1}},"isVote":1,"tweetType":1,"viewCount":2364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}