BABA Lowest Growth on Record !!

24 בפבר׳ 2022

If you haven`t sold BABA here, when i warned you about the additional American depositary share registration in the U.S. that was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake.

Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake.

Then you should know that Alibaba had the Lowest Growth on Record. Sales rose 9.7% in Q4, below the 40%-plus growth that was common. consumer spending slows and competition intensifies.
Net income tumbled 74% to $3.2 billion.

And probably Softbank sells an important stake in it.
I`m curious what is Charlie Munger`s conviction buy opinion on BABA now.

My price target is the Dec 2016 level of $86.