BABA

vanzandt said:
Hey Zzzz1... if you read this.... any opinion on BABA?
Is there a smoking gun somewhere regarding their accounting issues?
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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
 
all right, then all lights are green, time to load up on that sucker...

victorycountry said:
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
More...
 
Zzzz1 said:
well, its kind of imperative to understand macro events, including Asia. And right now a trade war and tariff storm is brewing...bad for business for everyone involved in cross border trade...
though it should not affect Taobao (and hence Alibaba) much as a huge percentage of business is conducted domestically. But their wholesale operations may suffer...
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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.
 
vanzandt said:
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.
More...

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.
 
victorycountry said:
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.
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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
 
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