Cascade Doubles Down on Waste, MetLife Locks In CEF Yield, and Three Alibaba Insiders Buy Into Their Own Dilution: Contracted Cash Flows and AI Capex Are Both Underpriced
Bill Gates's Cascade Investment wrote another $215M in checks for Republic Services this week while Alibaba's chairman, CEO, and co-founder all bought into the stock they just diluted. MetLife simultaneously locked down $49M in Calamos preferred yield. Insiders across three separate arenas are seeing the same thing: the market is discounting durable cash flows too heavily.









