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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Burryville18 who wrote (72403)	2/24/2023 9:24:01 AM
From: Paul Senior	2 Recommendations Recommended By Eric Bramble Lance Bredvold Read Replies (2) \| Respond to of 78661

BABA. I sold all my large cap Chinese stocks except for a few shares of BABA. Several reasons: One has to be wary because of the structure (refer to Sun Tzu comments on Alibaba thread). I see a company so huge and going into so many aspects of business, that I wonder what will move the needle or if the company will ever deploy some monies to dividends for stockholders. May be too that Chinese government will frown on BABA ever paying cash to stockholders if so many are foreigners. I would like to see dividends or maybe share buybacks or something else that would show some concern for stockholders. What I actually see is that the company is a retail seller. That's how I'm involved anyway: Is there anybody else reading this who shops and buys things from Alibaba as I do? And so I'm bombarded by their ads every day. They are getting a little better in targeting me, but they've a long way to go. (A lot of the ads are for female stuff or other things I've never expressed an interest in.) So yes, from my prospective I'm with Munger - it's a retailer basically. Glancing at Yahoo's numbers, the p/e is 10, profit margin is poor, sales growth has slowed to trickle, return on equity is poor. It's big, is involved in several promising area, has resources - people and money for that. It seems likely it faces plenty of strong competition in its home market. I look at value investor pros regarding their views -- some seem to be selling down their shares while others are buying. Buryville18, are you interested in BABA because Mike Burry has reported a position in BABA? If he has a unique perspective on BABA, I don't see it. BABA for a few shares? Maybe. BABA as a stock to get excited about? I say there's got to be others better elsewhere. Jmo. (And I've been wrong many, many times.)

To: Burryville18 who wrote (72403)	2/24/2023 12:07:21 PM
From: Eric Bramble	1 Recommendation Recommended By Area51 Read Replies (3) \| Respond to of 78661

I agree! He got in at $300 or something and got spanked. Chinese stocks have a lot to offer, to Chinese citizens! Us Westerners shouldn't delude ourselves that we have much influence in these companies just because we own a few shares. I listen to a lot of quarterly meetings and Western investment firms are so focused on next quarter SIGH China is expanding! I read these great articles last year about Chinese expansion: Twenty Years of Data on China's Africa Lending China and Africa Move into New Era of Cooperation Africa-China Relations Could Serve as Bulwark Against Imperialist Hegemony ? NATO's War on Libya is Directed against China: AFRICOM and the Threat to China's National Energy Security China's Role in Amplifying Southern Africa's Extreme Uneven Development I feel the West is falling behind, but for the meantime we can steal other countries talent. How long until the gap bridges?

To: Burryville18 who wrote (72403)	2/26/2023 1:09:21 PM
From: Madharry	2 Recommendations Recommended By Eric Bramble petal Read Replies (2) \| Respond to of 78661

I own baba and baidu in the space. I am a long term investor and want to own china as part of my portfolio . so far its been a painful experience. I think there has been a lot of nonsense spouted by people about the riskiness because of the investing structure and fear of delisting in the United States. OTOH i have misjudged the PRC stupidity in trying to control the big tech companies and world wide capital markets so they have now shot themselves in both feet. That means lower growth in china because of much lower foreign investment but that works in baidu and baba's favor because they are cash flow machines and will be able to make new investments with a lot less competition. The people of China finally spoke and were heard about the COVID policies and eventually they will speak and be listened to about the economic policies as well.