Bullish on BABA

10 apr 2020BABA

When price 1st hit $200, you were paying for a company with about 30billion revenue, less than 10billion net income. PS ratio at 16 and PE ratio of 60.

For the same price, you can now buy a company at 8x sales and 20x profit. Sales have now doubled at over 60billion and profits at last results were 13billion, doubling in the last 2-3 years.

In short I believe you can buy BABA at an attractive price considering the progress its made in the last 2 years.