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Discussion in 'Economy' started by Sierra Mike, Sep 19, 2014.

  1. Sierra Mike

    Sierra Mike The Dude Abides Staff Member

    Wow, Alibaba's IPO sure has caused a stir. But at $68 a share, it's a steal. Too bad it won't stay there, but in the end, will it be worth it? The impetus behind the purchase is for retailers to gain access to the "Chinese middle class," which might not be as big as everyone thinks it is a few years down the road. China's already shedding economic momentum due to the fact that costs are rising, and manufacturers are eying places like Vietnam, Thailand, the Philippines, and even Mexico and Indo as fresher destinations for operations.

    What do we think of this? My opinion: too hot, too fast, and with no penalties for an early bailout, it's possible the stock could disappoint like Facebook in the short term.
  2. ethics

    ethics Pomp-Dumpster Staff Member

    Opened at 92... It's super hyped, just like Chinese economy.
  3. Sierra Mike

    Sierra Mike The Dude Abides Staff Member

    Yep, down to around 90 right now. Wall Street has been fapping over this for weeks, one can only hope they have a happy ending.
    ethics likes this.

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