In 1985 Motley Crue released one of its major all-time hits, “Home Sweet Home.” Last night, when I was thinking about the journey of Alibaba over the last few months, this song came to mind. The journey has had a few detours, but now it’s on finally on its way back “home” to intrinsic value.
Seeing Alibaba jump ~35% in one day is evidence that the objective business/fundamental analysis was always accurate, it was simply a mercurial government leadership holding the stock back. With the government now stepping out of the way and letting business flourish once again, we expect this marvelous business to work its way back to intrinsic value over time. We may hit a few more potholes and speed bumps, but we’re on our way… Continue reading ““Home Sweet Home” Stock Market (and Sentiment Results)…”