בס״ד
Chinese Retail Power Grab (PDD)
Posted on November 1, 2023
The Chinese, it’s widely understood, have a patient, long-term plan to conquer the planet.
Part of that playbook involves dominating the online shopping world, and PDD Holdings (NASDAQ:PDD) is one of the key players in that strategy.
Sure, the outfit is headquartered in Dublin—after all, who would suspect the Irish?
But it’s a nefarious commercial enterprise all the same, siphoning your hard-earned cash on purchases of third-rate quality, made by Uyghur slaves in the western Chinese hinterland and shipped internationally.
The fundamental breakdown on the company is as follows—
- P/E is 25.10, but analysts expect that metric to shrink to just 16.58 by this time next year—a one third lop off the top of her head.
- There’s no Dividend.
- Price to Book is a porky 6.79.
Beyond that, it’s difficult to figure where new earnings are going to come from.
Now the daily chart—
May the armies of the Living G-d triumph!
Many happy returns!
Matt McAbby
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