Alibaba.CON
- Thread starter Big Sleazy
- Start date
thumper18474
Well-known member
Not really...as the article says..if you're in it for the quick flip....fine ...but a long term hold??...you're fucked
From a Company based in the PRC remember to add or has your copy of the Little Red book already burst into flame?
Oh, I'm sorry. I thought that it was an SEC approved stock available on American markets. My bad.
A significant large measure of the Criticism seems to involve the fact that it does business in China.
"In the context that Chinese corporate accounting is notoriously corrupt, BABA had $8.4 billion in revenues in its Fiscal Year 2014, which ended on March 31. It reported $3.7 billion of net income. The stock market values BABA at 24x revenues and 61x net income. The company also has $8 billion in long term debt, something which has not been openly mentioned. "
For those who bought when first offered to the public. Until today when it took a sudden jump in the final hour of trading (currently 90.40) it had steadily fallen.
China is a bit of a wild west, with weak regulations, insider wheeling and dealing, and opaque government.
But like the wild west, there's gold in them thar hills.
Some people are making a LOT of money, and these Chinese sites will be bigger than US sites in terms is how many customers they have in the long run.
But like the wild west, there's gold in them thar hills.
Some people are making a LOT of money, and these Chinese sites will be bigger than US sites in terms is how many customers they have in the long run.
ali baba has bre-x feel to it. However companies like Apple, Google and the bio tech are the real deal.
