toldya but fools don't listen. now good employees will start to flee the sinking ship making it sink even faster
Crude is not going down now. In fact, crude is about to take off to 55 in Nov. Take your loss and bolt out. I feel sorry for people who fell for Goldman Sucks.
240 to 75 (yes, it will be 75 or less tomorrow. crude futures are up more than a dollar tonight). But that would be a time to get in
Yelp is a goner, thats to scam artists who are running it. They could build an eco-system based on value addition to small businesses instead of intimidation and racketeering. Karma gets you pretty quick and this is exactly what happened to Yelp
A #$%$ and fraud chinese company valued at 400 billion dollar at 150/share. Probably back then he didn't know BABA was cooking up the numbers. Wall street frauds don't last forever. Look at what happened to YELP and YELP was not even cooking up the numbers, they were just pulling a fast on small businesses.
yes with fake numbers. ENRON ENRON ENRON all over BABA
BABA is a complete fraud. The numbers they have reported are not possible to achieve. http://fortune.com/2015/09/18/alibaba-faking-numbers-hedge-fund/?xid=yahoo_fortune
Earlier this week, Alibaba responded publicly to a Barron’s article that expressed a similar skepticism about the “seeming improbability” of some of Alibaba’s reported figures. “Alibaba stands by our reported financials and operating metrics,” the company wrote in its response. Alibaba further explained that it is “flawed” to make conventional assumptions about its customers’ spending habits because they are a relatively exceptional demographic: “Shoppers that come to Alibaba’s platforms are early adopters of technology and tend to be urban and more affluent,” the letter continued. And as for its logistics and delivery staff, Alibaba said that rather than “taking on large headcount increases ourselves,” it instead “partner[s] with other companies to leverage their expertise and scale.”
Meanwhile, Hempton (who acknowledged in his post that he’d read Alibaba’s response) concluded his analysis saying: “At this point I know the numbers are wonky.” But before he’ll begin shorting Alibaba, he needs more evidence. As for how to collect that evidence, he’s welcoming suggestions.
Never mind where it is posted. Just check those mind boggling numbers BABA has put out. Get out before this Enron goes down the tube. I have updated the link and numbers above
See the numbers. All fudged up
On Alibaba’s “Singles’ Day” shopping event (“think of it as Black Friday in America,” Hempton wrote), in November 2014, the company said it received and shipped 278 million orders.
That’s 7.5 times more orders than the 37 million orders Amazon AMZN 0.47% received on Cyber Monday.
It’s also “more parcels in a single day than Amazon had users [244 million] in a whole year.”
Alibaba said its network delivered 8.6 billion packages from its retailers to customers in the year ended March 31, 2015—or about double the 4.6 billion packages UPS UPS -2.29% delivered in 2014.
Alibaba reported about 35,000 total full-time employees as of March 31, 2015. Meanwhile, UPS had more than 12 times as many (435,000) and Amazon had more than four times as many (150,000)—plus robots, Hempton added.
Then Hempton did some math: “To truly deliver at a larger intensity than Amazon, Alibaba and its outsource network would need more staff or capital (or both) than Amazon and UPS combined.”
Alibaba said that Alipay, the online payment processor it divested in 2011, handled 2.85 million transactions per minute at the peak of Singles’ Day.
By comparison, “Visa’s V -1.65% peak transaction volume globally [840,000 transactions per minute, by Hempton’s calculation] is only about 30 percent of Alipay’s peak minute. This suggests a level of shopping in China that puts the US, Europe and most of Asia to shame,” Hempton wrote.