I have just read some Chinese newspapers on BaBa - all positive news (I used google to translate it). If you want the English ones - try https://www.google.co.nz/search?q=site:www.scmp.com/+alibaba&oq=site:www.scmp.com/+alibaba&aqs=chrome..69i57j69i58.8614j0j4&sourceid=chrome&ie=UTF-8#q=site:www.scmp.com/+alibaba&tbm=nws&start=0 As far as accounting issues are concerned, they have just paid 23.8 Billion yuan of Tax - http://www.scmp.com/business/articl...aba-paid-238-billion-yuan-tax-china-last-year As far as trade war is concerned, Ma seems to be very proactive CEO. http://www.scmp.com/comment/insight-opinion/article/2062062/mutual-interests-outweigh-conflicts
Yeah...only 10% of their revenue is U.S. based. Trump trade wars (or the lack thereof) is priced in. I was more interested in their bookkeeping. I know you know more about this stuff than I. One hint at improprieties, this thing tanks. Its priced to perfection right now. That being said, until such manifests.... its probably up up up. I smell a rat though.
You're probably right on this. But Chinese govt is quite corrupted and as long as Ma keeps them happy by providing Govt tax revenue as well as personal bribery, Alibaba will be safe. He's very proactive CEO...he knows what govts want whether its Chinese or US.
OK. Thats what I figured too. At least for now. And he was just doing the "Golden Elevator" gig with Trumpy. I still smell a rat though. I spent all last night pouring over their financials.... Lots of room to hide things. I dunno..... But what I do know is a fools game is just that. I'll steer clear. But if I had to bet.... something somewhere is wrong. jmho
$BABA , will smash the earnings and hit 120$ soon after that, expected a massive short squeeze after 110