Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, As always, I value your view and opinions and have just renewed my membership for another 3 years. With the easing regulations in China, is it time to look at adding Alibaba? I expect that the market will continue to be volatile, however the stock seems to be undervalued given its exposure to retail and being the largest cloud business in China. Alibaba is also buying back stock each month. What are your thoughts? Regards, Liz
Hi Liz,
Great to hear you like the service and have indeed renewed for another 3-years. We think Alibaba (BABA US) looks great under $US100,a rally back towards $US150 wouldn’t surprise us and if we weren’t already long it would have been on the menu this week.
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