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Time to make a move on BABA?
Posted on 2/5/24 at 2:47 pm
Posted on 2/5/24 at 2:47 pm
Earnings for 2023 their Q3 come out on Feb. 7
Currently a 180B market cap. Was once close to $1T Market Cap.
Earnings have not been terrible, but the Chinese economy as a whole has not been the greatest.
Is this a great value here like META was when down 70+% or are we Staying Away?
Something just makes me want to envision BABA sitting amongst the top 10 in market cap again in the distant future as they are huge in E-commerce and web hosting.
Load up or stay away?
Currently a 180B market cap. Was once close to $1T Market Cap.
Earnings have not been terrible, but the Chinese economy as a whole has not been the greatest.
Is this a great value here like META was when down 70+% or are we Staying Away?
Something just makes me want to envision BABA sitting amongst the top 10 in market cap again in the distant future as they are huge in E-commerce and web hosting.
Load up or stay away?
This post was edited on 2/5/24 at 2:54 pm
3
Posted on 2/5/24 at 4:22 pm to tigersint
Baba is tempting as hell. look at the PE ratio. insane.
Posted on 2/5/24 at 4:26 pm to tigersint
quote:It's tempting. Just so hard to bet on Chinese shite right now. In theory, the entire market is cheap over there - like, it's literally at 2005 prices. And yet...doesn't seem obvious that it can go up.
Time to make a move on BABA?
Posted on 2/5/24 at 4:26 pm to I Love Bama
Have you seen the Chinese Economy? Even with blowout earnings it may go up for a few days but always seems to fall back below 80.
Posted on 2/5/24 at 4:42 pm to FLObserver
quote:I think I saw some stat like GDP since 2000 is up 50X but if you were invested the whole time you broke even as a foreigner.
Have you seen the Chinese Economy? Even with blowout earnings it may go up for a few days but always seems to fall back below 80.
Posted on 2/6/24 at 9:52 am to tigersint
Held it for several years a while back thinking it would do well. Never did. It looks attractive at these prices, but I am staying away.
Posted on 2/8/24 at 7:38 am to FLObserver
Deflation is arriving in China which is they the outlook is so bad right now. Off topic, but really only a war can get their economy back on track.
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