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Alibaba has had a lot going on in the past couple of months which has impacted the stock price. If you take a closer look at the company you can see that they have great fundamentals and seem to be able to keep growing their free cash at an impressive rate for the foreseeable future.
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Supremely undervalued company. I don't think you can go wrong with this. Even with their issues with regulators presently, the fundamentals are superb and frankly, Amazon gets a lot of their products from them. If Amazon can be worth what it is, Baba should be 5x its current price.
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