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Alibaba
I have been in and out of Alibaba for the past few months, it is
a small position. This last time I decided to hold the shares
for the very long time, i.e. years. Does anyone here own
it?
Because of the fact that China is very protectionist and has
such a tremendously large population, I believe Alibaba has great
and sustainable future of growth. The growth rate is pretty
impressive, top line is growing at a 33% clip. Forward PE is 26.
Debt is a bit large at $29B, but the revenue is growing so
strongly that I believe this is not an issue.
I would like to hear your thoughts.
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