Company Commentary on Alibaba Amid Changing China Sentiment

19 days ago

"Alibaba, everybody was anti-China for the longest time. Chinas awful. Chinas terrible. I look at it going, China loves money. They love their middle class growing and becoming rich. And their rich love being richer. Yeah, theyre communists, but I just look at it going 20, 30 years down the road, will China be more free and wealthier than it is today? Yes, I think they will. So, the question becomes, is Alibaba going to benefit from that? Yes, they will. So, can I pay a reasonable price for Alibaba? Well, Alibaba is the biggest gainer out of all these companies this year. It is up huge. So, that has changed whether its a good investment or not. We will take a look at that at some point."

The speaker provides a contrarian view on Alibaba, countering longstanding negative sentiment towards China by emphasizing the nations growing wealth and consumer class. He suggests that Alibaba, having been the biggest gainer of the year, may benefit in the long run if its price is reasonable.

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