Alibaba IPO: Stock Market Prodigy or Bubble in the Making?
- By : JanssenReportHost
- Category : Global Economy
Today on The Janssen Report (#75): my thoughts on the Alibaba IPO – I think it’s overvalued. Share with me what you think. How is this better or more sustainable than Facebook, Twitter or Amazon?
Well, they are profitable! They look like a cashflow power house. But they have no significant assets and no breakthrough technology or patents.
Growth potential? Maybe. But nothing of long-term interest here in my opinion.
Oh, but the mega-banks already DID profit big time: Goldman Sachs, JP Morgan, Citigroup, Deutsche Bank, Credit Suisse and Morgan Stanley are the underwriters and propped up the sales pitch pretty nicely.
Again, please share how YOU feel about Alibaba: stock market prodigy or bubble in the making?
Watch this episode of The Janssen Report here:
Sources:
– http://blogs.wsj.com/moneybeat/2014/0…
– https://www.nyse.com/quote/XNYS:BABA
Cheers!
Marco Janssen