2024-03-07 23:29:54 ET
Summary
- Alibaba's stock has declined over 75% since the end of 2020 due to challenges in the Chinese economy, regulatory issues, and increased competition across verticals.
- Despite the challenges, BABA's strong market position and diverse portfolio make it an attractive investment candidate, and the financials are rebounding from a poor 2022.
- The company is incredibly cheap, but given the negative share price momentum, it may be a while before the stock is re-invigorated.
- Selling put options on Alibaba offers a high yield of over 18% annualized and a potential opportunity to purchase the stock at a lower price. This seems like the best way to play the situation.
Alibaba ( BABA , OTCPK:BABAF ) is one of the most interesting stocks in the market right now.
After earning investors billions during the stock's overall outperformance from IPO through the end of 2020, shares have since declined substantially, down more than 75% from then to present day:
...
Read the full article on Seeking Alpha
For further details see:
Alibaba: Selling Options Looks Like The Best Risk/Reward Way