Andrew Burton Last week, Alibaba Group Holding Limited (NYSE: BABA ) reported solid third quarter results and could beat revenue as well as earnings per share. But after a first positive reaction of the stock, we saw a sell-off once again and in the end, the stock is trading for roughly the same price as before. And although Alibaba is trading about 60% above its 52-week (and multi-year) low, I still think investors are extremely irrational about Alibaba and the stock is still trading clearly below its intrinsic value. Of course, we must accept the price action and should take advantage of this opportunity Mr. Market is offering. I am also aware that I claimed frequently in the last few quarters that Alibaba is undervalued and so far, only the last bullish call worked out while the previous two would still have ended in a loss when sold right now. Nevertheless, I remain long-term bullish about Alibaba and will once again explain why. In my opinion, the fundamental story has not changed, and the arguments are still the same. Third Quarter Results When looking at third quarter results we can start by pointing out that Alibaba could beat revenue […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
