2024-01-30 11:48:01 ET
Summary
- Jack Ma and CEO Tsai made big purchases totaling around $200 million into Alibaba Group Holding Limited stock.
- I am taking a different course and cutting lose my position.
- The company has made minimal progress on spinning out its business segments.
- I am concerned about competition and macro risks.
- I am downgrading the stock as the reward no longer compensates for the risks.
Alibaba Group Holding Limited (BABA) has seen very volatile trading as of late. With the Chinese property market appearing as dicey as ever, investors have grown cautious on Chinese equities, with BABA trading down to below its IPO price....
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For further details see:
Alibaba: Don't Follow Jack Ma - Why I'm Giving Up (Rating Downgrade)