Alibaba management needs to do what's necessary to gain the trust of the investing public by submitting to a transparent, independent audit and put all of the rumor mongering to bed, once and for all.
Currently, the stock is in an impossible situation, will continue to fight perception and languish far below its true value. If they do this audit and come out clean, it doubles.
As a shareholder, I'm demanding it. They've ignored the situation for too long and any further delay, in my opinion, is an admission of guilt. All the business gains in the world won't do for this stock price what one thorough, independent audit could do overnight. What are they waiting for?
Lol. Who would short a company that lies about their numbers? How will they ever miss earnings?
Shorts are going to get blown out by these numbers. This is the best, big cap growth company in the world. Makes way, way, way more money than AMZN, has a much, much, much better valuation and operates in a much, much, much bigger market.
Annnnnd, we're up .58 cents. On a day with not only amazon but the dollar weakening against the yuan. I guess we're heading to for a PE ratio under 10, with 30 percent growth.
Someone is unloading like they can't get rid of it quickly enough. Either they know something or need to raise capital to get into something else. Never a dull moment.
They are setting up internet connected centers in the villages. So far, they have 12,000 of them in place. It's called Rural Taobao. They are the only connection to the world and people buying and selling will be exclusively be on Baba platforms. The company anticipates setting up 100,000 centers in the next three to five years.
Growth for as far as the eye can see.
Baba is the engine of the Chinese economy. They are the one's with the plan to go make consumers out of the 900 million people living in 600,000 isolated villages across the vast country. Do you think the Chinese government is in a position to crack down on that? Of course not.
Didn't this close just under $80 yesterday? What print are they using? Looked like it gapped down overnight and should be listed as down $1.30 something on the day.
LOL. What they're attempting to do....transition a $150 billion company from high margin, impenetrable markets into an array of small acquisitions in low margin, highly competitive markets, is a complete joke. I'm laughing at you for believing in it.
The only winners are the owners of the start ups they're buying and shorts. You're neither. Enjoy the losses, they will be piling up. This is just the start.
Just a reminder, the company buy backs are either over or about to end. $1 billion flushed down the toilette. $300's ahead, nothing to support this piggy, now.
The new business is 37% of revenue and increasing at 13% a year. The old business is declining at a much more rapid pace and that will accelerate.
This company is making a massive gamble in non-core areas, with less margin and more competition. The debt pile increases by the quarter as the sending folly continues.
This will end badly. Very badly. They should have returned money to shareholders, cut costs in accordance with the business decline and accepted that IBM would be a smaller company, going forward. Instead, they irresponsibly ended up rolling casino dice with shareholder money in a disparate array of business they know little about and it will end badly. Of course it will end badly, we're seeing it quarter after quarter.
Plenty of Cash? They are $35 billion in debt. They're taking all sorts of shots trying to buy a disparate group of companies and somehow put it all together into something coherent. Why would you bet on that working out?
Cloud business is $2.6 Billion Revenue...that's their future? The Weather Channel? Please. Smoke and mirrors, you just can't see it.
Sorry Buddy but no one sells business analytics to the tune of a $150 billion market cap. They had a very profitable moat that is under attack on all sides and what they propose to replace it with will never be nearly as profitable or stable. It's a $50 billion company in 12-24 months.
His argument was basically that CMG should be valued at what he anticipates it's 2019/2020 numbers will look like. That's insane. Should Alibaba be trading at $250 a share because it's expected to go up 33% a year between now and then? He basically posted a number that represents the best case scenario for the next three years...if all goes exceedingly well. He conveniently failed to mention the many, many risks including, further outbreaks, criminal proceedings by the justice department and the fact that Chipotle, like pop stars and fashion labels, likely has had its moment and will now just be a marginally profitable restaurant going forward.
Anyway, happy as heck. I took a some profit down in teh $430's and can just put it right back on again.
I agree. Him and the Wells Fargo analyst who, every time they announce bad news is the first one out with a price target $100 beyond where it's trading. Makes no sense, the company has deep problems on many levels.
I'm sitting tight. The one thing this stock needed more than anything else, it got..a weaker dollar. So long as the dollar weakens, this has nowhere to go but up.
Disagree. The buyback is down around $100 million left of over $1 billion spent. The sentiment around the stock is terrible. Too many longs got in below $450 and now is the time to strike against them. Earnings will likely be better than expected, although far from good, but enough for them to rally this.
Now is the time to go low and get the longs out of their positions.