EDU New Oriental Education & Technology Group Inc-ADR

𝘼𝙡𝙞𝙗𝙖𝙗𝙖 𝙩𝙧𝙞𝙚𝙨 𝙩𝙤 𝙘𝙤𝙣𝙫𝙞𝙣𝙘𝙚 𝙈𝙧. 𝙈𝙖𝙧𝙠𝙚𝙩 𝙤𝙛 𝙞𝙩𝙨 𝙫𝙖𝙡𝙪𝙚: If you’ve been following the news, you should know by now that $BABA has announced that they will split into six segments that will potentially look for spin-offs individually. This is a classic response of management to an undervalued price of the stock, as we could see a few years ago in $DELL with the spinoff of $VMW, and that was also a big part of my portfolio back then ( I wrote this article 3 years ago: https://etoro.tw/3nwqUDX and $DELL stock went up over 200%, while the $SPX500 went up by 100% from the bottom of the pandemic). Mr. Market has loved this announcement, sending $BABA’s shares over 14% higher and $9988.HK is over 12% higher so far. Personally, I also love this movement from the management of the company. There’s no doubt that Alibaba is widely undervalued, and I’ve always complained about the management’s inability to buy back shares aggressively to benefit from the stoc