$JD.com(JD.US)$JD-SW(09618.HK)🚀 Staying the Course With JD.com and My Conviction Gets StrongerShort-term price swings d…
$JD.com(JD.US)$JD-SW(09618.HK)
🚀 Staying the Course With JD.com and My Conviction Gets Stronger
Short-term price swings do not shake my conviction in JD.com. My HK-listed position shows that I am in paper loss of about 3.74% and my US position is slightly down at -0.88%. But that is just noise to me.
What really matters? Legendary investor Michael Burry has recently increased his positions in both JD.com and BYD.😆
He believes both companies are now undervalued to a degree he says he has not seen since the Great Depression era. Burry has specifically pointed to JD’s substantial net cash position relative to its market cap is a powerful margin of safety.☺️
On top of that, I am waiting anxiously for news on JD.com’s proposed €2.4 billion acquisition of Ceconomy. The success bidding would mark a major step in its global expansion.
With a rock-solid balance sheet, AI-powered services, and a growing international footprint, I am not just holding steady. I am staying patient and focused on what lies ahead 💪
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