I Am Still Buying Alibaba Group Hand Over Fist Here
BABABABA(BABA) Seeking Alpha·2024-08-30 12:47

maybefalse/iStock Unreleased via Getty Images Alibaba Group Holding (NYSE:BABA) is profiting from bullish investor sentiment following the eCommerce company's earnings for the last quarter. Alibaba benefited from growth in its eCommerce segment, while seeing encouraging momentum in cloud as well. While Alibaba's total sales performance was satisfactory, I think investors are undervaluing the eCommerce company's eye-popping levels of free cash flow. Alibaba is selling for a mere 8.3x profit multiple while th ...