Alibaba Group Holding Ltd (BABA)

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A Word and A Chart About and On Alibaba
By: Mish Schneider | January 29, 2024



Alibaba.com is one of the world's largest wholesale marketplaces.

To be honest, I had never gone to their website until today, even though we bought shares in BABA 2 weeks ago. So, in case you are like me and have not checked them out, they sell a lot of consumer items in bulk.

And they also sell pretty much everything. For instance, if you want a 1000w off-grid wind power Free Energy System for your home or business, you can get one and find an online description of the supplier, including their annual revenue. Plus, if you want them in bulk, you can order 1000 sets at a reduced price.

BABA has proven controversial a lot, most recently with a lawsuit settlement on monopolistic practices. However, the impact on their revenues is nominal and, in fact, could be a plus, as the company's stock price trades at just 8x net profits.

Anyway, China overall, has had no shortage of bad press. Yet, before we learned Jack Ma and others bought up to $200 million of BABA stock, the stock looked and still looks appealing to us. If one is looking to be a contrarian to all the bad press, then BABA is a company with solid fundamentals...

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