Shares of Microsoft Corp. fell 2.1% in morning trading Friday, after the software giant said it will suspend all new sales of its products and services in Russia. The company said it was coordinating with the U.S. and U.K. governments and with the European Union to company its Russia businesses in compliance with sanctions imposed following Russia's invasion of Ukraine. "Our single most impactful area of work almost certainly is the protection of Ukraine's cybersecurity," wrote President Brad Sm Read More...
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Why Alibaba Is the ‘Cheapest Company in the World’ Outside Russia
Alibaba Group Holding is probably “the cheapest company in the world” outside of Russia as investors put a high China risk premium on the e-commerce giant, according to Daniel O’Keefe, a managing director and portfolio manager at Artisan Partners. Speaking at a roundtable group discussion Tuesday with other value-oriented portfolio managers, O’Keefe said that Alibaba (ticker: BABA) is “one of the cheapest stocks I’ve ever seen, especially for a business of that quality with that financial strength.” The discussion, called Invaluable Insights, was sponsored by Ariel Investments and included John Rogers of Ariel, Bill Miller of Miller Value Partners, David Herro of Oakmark Funds, and Barron’s Roundtable member Mario Gabelli.
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