Bullish on BABA
BABAWhen price 1st hit $200, you were paying for a company with about 30billion revenue, less than 10billion net income. PS ratio at 16 and PE ratio of 60.
For the same price, you can now buy a company at 8x sales and 20x profit. Sales have now doubled at over 60billion and profits at last results were 13billion, doubling in the last 2-3 years.
In short I believe you can buy BABA at an attractive price considering the progress its made in the last 2 years.
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