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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

04/10/17 at 5:33 PM CDT

 

 

READ: 3

RPLY: 2

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Sentiment:

Neutral

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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