I’ve just made an unusual big move—bought 34 more Alibaba (BABA) shares at $79.87, dropping a cool $2,715. Why BABA, you ask? Simple: it’s dirt cheap, and I can’t resist a bargain!
For those of you unfamiliar, Alibaba is China’s e-commerce behemoth, the “Amazon of the East,” with a bit of everything from retail to cloud computing. They’ve been a pillar of China’s digital economy and are growing even as the stock market has battered their share price.
Now let’s get down to the juicy details.
First, the P/E ratio is sitting at a modest 10.85, signaling that the stock is undervalued. The forward P/E is even lower at around 9.10.
Stock Analysis), giving me that little nudge saying, “Hey, we’ve got more room to grow here.” Revenue? Alibaba’s earnings keep climbing with 941.17 billion yuan in revenue over the past 12 months. Add to that the Chinese government’s recent $1.5 trillion economic stimulus designed to give the tech sector (among others) a much-needed boost(
This isn’t just a shot in the dark—Alibaba’s e-commerce, AI, and cloud computing are all ticking upward. Even more tempting is their expanding presence in Southeast Asia, as they look to new markets beyond China.
So, why jump back in today? Well, in my portfolio, I already had 7 shares, so it felt right to up the ante. And let’s be honest, part of me wanted to do that “double-up free stock strategy” thing I’ve pulled off before. Plus, when you see a price this low, you can’t help but feel it’s time to strike.
Fingers crossed this pays off like my JD trades, and if it doesn’t—well, at least I’ve got a front-row seat to one of the world’s biggest companies evolving.
BUY, SELL, KEEP 
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