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Strategies & Market Trends : Value Investing
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To: petal who wrote (66706)2/28/2021 10:08:23 AM
From: Paul Senior  Read Replies (1) of 78774
 
BABA. I got scared out of a bunch of my BABA last year about the $220 area. ANT ipo was supposed to help the stock. Instead ANT/Communist Party issue highlighted real risks with the company/stock.
Sharp stock decline made me feel that having an overly large position was too risky for me -- the falling share price and a company easily subject to political risk.

Now, with passage of a few months, I return to add more, believing that BABA will continue to show high revenue growth and high profit margins, even without the ANT ipo. The p/e number is not much relevant to me. Yahoo does show forward p/e about 21, which is not outrageous in current market. I am adding back shares. Not so enthused to make it among my top positions again though.
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