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BABA Battered To Record Lows
Alibaba - for months incessantly discussed as the must own stock of the decade - just hit fresh all-time lows. Down over 5% in the pre-market after missing revenue estimates and seeing growth at the slowest in three years, it appears things are not soft-landing in China after all...
But here is CNBC from Nov 2014 to explain why this is a great opportunity to buy the dip...
"I think this is a growth story. I don't think $110, $120—I don't think that's the top," Najarian said. "I think the stock can get to $150."
Ritholz Wealth Management CEO Josh Brown said he played the sector via Chinese Internet exchange-traded fund KWEB, with Alibaba accounting for 10 percent its holdings.
"The thing to keep in mind about China, they did not spend the last 30 years building out Wal-Marts and Targets everywhere. So, now that people have more disposable income, they want to spend money on things like Singles' Day, for example," he said. "They don't have a million options in stores down the street. They're increasingly using Alibaba."
Brown said Alibaba's fortunes are tied to the growth of a middle class in China.
"There are a multitude of ways to play it. There have been a lot of big winners in the space. And there will be going forward," he said. "BABA is the best going forward right now. May not be the case three months, six months, a year from now because it's not just what you own, it's at what price you buy it. There are cheaper Chinese Internet names that I think will benefit as well."
TheStreet CIO Stephanie Link noted that with a valuation at 49 times earnings, Alibaba stock was "not cheap."
"I don't know what you want to go full-bore in today," she said. "Maybe you can see a little of the volatility and buy on a dip if you get it."
Joe Terranova of Virtus Investment Partners said institutional money was going to become a factor.
"Now you hear the fundamental earnings story, and those like myself who sat back passively and didn't trust the company, they're going to come in," he said. "You're going to see the institutional mutual fund side own this company in 2014. I expect it to be a very strong winner, and it could easily Pete's target."
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Well it is cheap-er now!
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Ba.....................Ba......................sheep
If you loved it at 120 you'll really love it at 71
We have the Lardassians hogging the outtertainment space and the pony-tailed Yajarian brothers hogging cool-to-be-a-day-trader space. And none of them add any value to anything out there, but people cannot have enough of them.
The world can't get much stranger than this.
Is this a good time to BTFD?
I bet Jack Ma is grilling chicken skewers on the road side in Beijing by this time next year.
Sum Ting Wong
No Bai Dam Ting!
(Translation: "Too expensive")
I down voted due to the 1000th time someone posted this. It was funny the first time about a year ago, but not so much any more.
yu no laff
he no laff.
he dum gai.
Tai Ne dong.
chin tu fat
Hu flung pooh in your kung pao?
I upvoted because this will always be funny
I don't know who I resent more. The assholes on Wall street who keep pushing garbage stawks like this or the retail retards who keep buying it. Why the fuck is Cramer still on teevee and not strung up from a bridge?
Greasy Joe also said "ya gotta be long RIMM" at $80, right before it's epic collapse.
He should be tuning up cars or something...
BABA provides a decent service.
It has always been smoke and mirrors. But BABA did pocket some nice change from the American public. Great sales job Wall Street. Time to start rounding up the traitors to a once great nation.
BABA quadrupled its compensation costs < ' Let the looting begin ! ' >
http://www.bloomberg.com/news/articles/2015-08-12/alibaba-worker-pay-costs-undermining-its-profit-growth
Alibaba is a microcosm of China. Good deals can be had on stuff, but pitfalls everywhere.
You almost need a guide to shop that place. Internet meets Arab market meets Chinese knock off central.
pods
Oh yea...watch this
http://www.marketwatch.com/m/quote/sune
http://www.batr.org/corporatocracy/121014.html
DuPont Files Patent Infringement Lawsuit against SunEdison
http://www.dupont.com/corporate-functions/media-center/press-releases/du...
http://www.marketwatch.com/story/vivint-solar-merger-investigation-alert...
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Vivint Solar, Inc. ("Vivint Solar" or the "Company") relating to the sale of the Company to SunEdison, Inc. ("SunEdison"). On July 20, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which SunEdison will acquire Vivint Solar in a merger valued at roughly $2.2 billion. As a result of the merger, Vivint Solar shareholders are only anticipated to receive $9.89 per share in cash, $3.31 per share in SunEdison stock and $3.31 per share in SunEdison convertible notes. The combined total consideration Vivint shareholders are expected to receive is only $16.50 per share.
Our Firm's investigation has so far uncovered that the process leading up to the announcement of the merger appears to have some questionable conflicts of interest, thus making the process and consideration unfair. As indicated by the Company, Vivint Solar's entire senior management team will continue their employment with SunEdison once the merger closes. Also the consideration that Vivint shareholders are expected to receive is inadequate. Multiple analysts on Yahoo! Finance have set a median price target of $20.00 per share and one analyst has set a $23.00 per share price target. Based on Vivint Solar's $16.00 per share stock price when the Company became public just nine (9) months ago, Vivint Solar shareholders are only expected to receive a 3.125% premium for their shares.
If you own shares of Vivint Solar and want to receive additional information and protect your investments free of charge, please visit us athttp://www.andrewsspringer.com/cases-investigations/vivint-solar-class-action-investigation or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn -www.linkedin.com/company/andrews-&-springer-llc, Twitter -www.twitter.com/AndrewsSpringer or Facebook -www.facebook.com/AndrewsSpringer for future updates.
Hate to see retail get hurt, but I wrote a BABA Led Zeppelin parody months ago that just became relevant :)
People finally realized they need 15 pieces of Chinese junk less than they need 1 piece of Chinese junk.
Very smart Chinese floated company "when" right at the top of the market.
Who brought it, dumb yanks!
Ai Ya
Wi Tu Hi