You would think that great news would move the stock higher. This company is incredibly profitable. Can't believe it's trading with a P/E of 2.
I'd think that $3 to $5 stock price would be reasonable.
corn prices dropping, but ASP also dropping. BORN increased profitability, but let's see if they can keep revenues up. Need ASP to go UP AND corn price to go DOWN and BORN stock will shoot higher.
big up day today. This stock should be trading at $5. Very low P/E good growth prospects. I see BORN going much higher.
It's absolutely sickening there are so many illegals in this country. It's destroying America and friggin liberals just continue to be "ok" with it. Absolutely crazy.
Alibaba trades at 19 times forecast earnings for 2017, a very reasonable price given expected growth of 26 per cent. Political risk may be priced in (US tech leader Google trades on an 18 times multiple for slower growth).
Might come back and finish green today. The Alipay news was very big. BABA is a monster. Should be over $90. IMHO
BABA is highly profitable and AMZN is not. However, AMZN has much higher direct revenue that it collects, while BABA is more of an intermediary connecting buyers and sellers.
Neither of these companies will have any problem long term. They will each have ups and downs, but they'll both be around for a long time.
The unemployment rate they tout means nothing. It's a ridiclous indicator that has no real bearing on what the actual number of people who are underemployed really is.
I'm thinking a move to $85 over the next two weeks is probably reasonable.