Investors should continue to check whether the business outlook for the companies of which stocks one holds are not significantly deteriorating. Stocks can decline even without such substantial deterioration, as […]
11 months into the SHU portfolio and we had some big gains with Trade Desk, Nutanix and Inseego, all more than doubling. But there are also a couple of laggards, […]
The company is still in the land-grab phase, but myopic investors don’t seem to notice. This is odd, because the contours of what is being created is hidden in plain […]
While not a systematic inquiry, we nevertheless spot quite a few companies whose shares get punished for investing when that results in some margin decline. With investment the cost gets […]
The 63% growth rate of Alibaba’s core commerce business is almost unfathomable, even given the strong tailwinds of China’s rising consumer market and online penetration. One element that is behind […]
JD.com used to grow revenues faster than its big rival Tmall from Alibaba. However, lately these roles seem to have reversed and the shares of Alibaba have strongly outperformed those […]
The shares of JD.com are plagued by bouts of worries about increasing competition. We believe that competition has always been a feature of the Chinese market, and JD.com has been […]
The shares aren’t expensive and off 20% from their August highs. The main worry is the intense competition in the Chinese market. But JD.com is addressing that problem, and there […]
We’re starting a concentrated portfolio ultimately containing some 10-12 names while keeping plenty of cash as a hedge. The first candidate is JD.com, a quality name which has sold off […]
The selloff in the shares of JD.com seems like an opportunity to us. The company is still expanding at a fast pace and it generates a lot of free cash […]