....Alibaba [BABA] doesn’t make the list because it’s not a proper stock that conveys a slice of equity; it’s an ADR, issued by an offshore mailbox company that has a contract with Alibaba. Holders of BABA have no ownership of Alibaba, the Chinese company. They have ownership of a mailbox company that has a contract with Alibaba.....That's from his July 19 post “'Giant 5 Index' – AAPL, MSFT, AMZN, GOOG, FB – Sagged All Week, Rest of Market Rose, Still 2.5-Year Wild Ride to Nowhere".
Tuesday, July 21, 2020
Climateer Line of the Day: What You Get When You Buy BABA Edition
Today the prestigious CLoD goes to Wolf Richter at Wolf Street for:
