The main story with Alibaba has always been its extraordinary—and apparently unbounded—earnings growth. With one quarter left to report in fiscal 2018, Alibaba is on track to earn more than twice as much on a per share basis as it did in 2017. Why does it grow so fast? Combine being in the right place at the right time with business acumen of Jack Ma. Why is it’s growth unbounded? Because the size of the Chinese middle class has nearly doubled in the past ten years, and the overall Chinese economy will overtake America as the largest in the world within fifteen years. BABA shares have fallen from $206 all the way to $185. It’s a great time to get on board this train.
Chart courtesy of www.stockcharts.com