5/22/24 - $ntes - i'd buy the AM print, valuation checks boxes
5/22/24 - vrockstar -
NTES
- not typically one i'd buy to hold, but the setup looks reasonable into the print at 13x PE, growing LSD and throwing off mountains of cash (and the buyback presumably should increase) and without a stock comp issue as i've discussed in other comments. high single digit FCF yield, growing and LT index-beater (though not in thee last years means it's a check (not a check plus), but good enough for a small risk on punt as a tag along beneficiary "tech" factor from +ve NVDA earnings.
NTES
- not typically one i'd buy to hold, but the setup looks reasonable into the print at 13x PE, growing LSD and throwing off mountains of cash (and the buyback presumably should increase) and without a stock comp issue as i've discussed in other comments. high single digit FCF yield, growing and LT index-beater (though not in thee last years means it's a check (not a check plus), but good enough for a small risk on punt as a tag along beneficiary "tech" factor from +ve NVDA earnings.