B*e
2 楼
SEC查账了，还要跌一段时间。
r*e
3 楼
不会有大事儿，等完全没事儿了就上去了
【在 B******e 的大作中提到】
: SEC查账了，还要跌一段时间。
【在 B******e 的大作中提到】
: SEC查账了，还要跌一段时间。
s*3
4 楼
现在买巴巴还不如买nq
【在 r*****e 的大作中提到】
: 不会有大事儿，等完全没事儿了就上去了
【在 r*****e 的大作中提到】
: 不会有大事儿，等完全没事儿了就上去了
m*1
5 楼
NQ是垃圾，看那交易量，半天没人买卖
g*t
6 楼
A股你觉得底部到了吗？
我看悬啊。
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
我看悬啊。
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
s*3
7 楼
等1，2天对错就分明了，我也没不要去pump这种垃圾股，现在买几乎没风险。垃圾股你
也不会投很多钱进去，只有能赚钱就好。
【在 m*****1 的大作中提到】
: NQ是垃圾，看那交易量，半天没人买卖
也不会投很多钱进去，只有能赚钱就好。
【在 m*****1 的大作中提到】
: NQ是垃圾，看那交易量，半天没人买卖
h*9
8 楼
很明显不过了，MM前几日先pump 起来，转手再用一个旧的News来砸盘，SEC调查是年初
的事了，现在才拿出来讲？
的事了，现在才拿出来讲？
s*3
9 楼
您的意思是可以入一些啰。
【在 h*******9 的大作中提到】
: 很明显不过了，MM前几日先pump 起来，转手再用一个旧的News来砸盘，SEC调查是年初
: 的事了，现在才拿出来讲？
【在 h*******9 的大作中提到】
: 很明显不过了，MM前几日先pump 起来，转手再用一个旧的News来砸盘，SEC调查是年初
: 的事了，现在才拿出来讲？
h*9
10 楼
Too early to jump in, wait for low 70s
B*e
11 楼
BABA的帐目很有问题，哪天我有空详细说说。
【在 h*******9 的大作中提到】
: 很明显不过了，MM前几日先pump 起来，转手再用一个旧的News来砸盘，SEC调查是年初
: 的事了，现在才拿出来讲？
【在 h*******9 的大作中提到】
: 很明显不过了，MM前几日先pump 起来，转手再用一个旧的News来砸盘，SEC调查是年初
: 的事了，现在才拿出来讲？
s*3
12 楼
现在说吧，上次80几的时候，没听你的建议，差几分没卖出，结果少攒了很多。
【在 B******e 的大作中提到】
: BABA的帐目很有问题，哪天我有空详细说说。
【在 B******e 的大作中提到】
: BABA的帐目很有问题，哪天我有空详细说说。
m*r
13 楼
大盘越涨粑粑越跌，太牛逼了
B*e
14 楼
不是一句话能说清的，最大的问题是它的revenue recognition,overstate revenue.
【在 s***3 的大作中提到】
: 现在说吧，上次80几的时候，没听你的建议，差几分没卖出，结果少攒了很多。
【在 s***3 的大作中提到】
: 现在说吧，上次80几的时候，没听你的建议，差几分没卖出，结果少攒了很多。
p*g
15 楼
可以抄,但不是现在, 长期看,是要走低的, 在我印象中, 被sec查水表的公司都不会有
起色, 现在只记得hertz, 股票没起来过
起色, 现在只记得hertz, 股票没起来过
r*e
16 楼
不是大问题，会hold tight
Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
started an investigation into its accounting practice.
Specifically, Alibaba said the SEC has requested information on their “
consolidation policies and practices” including their accounting for the e-
commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
– a minority stake – so it used equity instead of consolidation method
when it reported Cainiao’s earnings.
If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
only go to the earnings after operating income line. Using the consolidation
method, it will go not only to the operating income but also the revenue
top-line.
In 2015, Cainiao incurred revenue of 3.1 billion yuan and net loss of 617
million yuan. Alibaba already recognized 295 million losses for its 47%
stake in Cainiao.
Morgan Stanley thinks this is a buy-on-dip opportunity. On the contrary to
public opinions, Alibaba has already more transparent in its accounting
practice (although Barron’s believes it is far from being perfect). “We
are incrementally more positive on Alibaba given its increased transparency
and disclosures on Cainiao and other related parties,” wrote analyst Robert
Lin.
In addition, Cainiao’s earnings are peanuts compared to Alibaba. In the
last year, Alibaba generated 101 billion yuan in revenue and 43 billion yuan
in earnings. Cainiao’s revenue is just about 3% of Alibaba’s and the
financial statements won’t be looking all that different using
consolidation method.
To be sure, the SEC also requested information on Alibba’s policies related
to party transactions in general and its reporting of operating data from
Singles Day. Morgan Stanley did not address these issues.
Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
started an investigation into its accounting practice.
Specifically, Alibaba said the SEC has requested information on their “
consolidation policies and practices” including their accounting for the e-
commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
– a minority stake – so it used equity instead of consolidation method
when it reported Cainiao’s earnings.
If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
only go to the earnings after operating income line. Using the consolidation
method, it will go not only to the operating income but also the revenue
top-line.
In 2015, Cainiao incurred revenue of 3.1 billion yuan and net loss of 617
million yuan. Alibaba already recognized 295 million losses for its 47%
stake in Cainiao.
Morgan Stanley thinks this is a buy-on-dip opportunity. On the contrary to
public opinions, Alibaba has already more transparent in its accounting
practice (although Barron’s believes it is far from being perfect). “We
are incrementally more positive on Alibaba given its increased transparency
and disclosures on Cainiao and other related parties,” wrote analyst Robert
Lin.
In addition, Cainiao’s earnings are peanuts compared to Alibaba. In the
last year, Alibaba generated 101 billion yuan in revenue and 43 billion yuan
in earnings. Cainiao’s revenue is just about 3% of Alibaba’s and the
financial statements won’t be looking all that different using
consolidation method.
To be sure, the SEC also requested information on Alibba’s policies related
to party transactions in general and its reporting of operating data from
Singles Day. Morgan Stanley did not address these issues.
d*9
17 楼
they have more issues than this, e.g, related party transactions, off
balance sheet entities, etc.
e-
Cainiao
【在 r*****e 的大作中提到】
: 不是大问题，会hold tight
: Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
: Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
: started an investigation into its accounting practice.
: Specifically, Alibaba said the SEC has requested information on their “
: consolidation policies and practices” including their accounting for the e-
: commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
: – a minority stake – so it used equity instead of consolidation method
: when it reported Cainiao’s earnings.
: If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
balance sheet entities, etc.
e-
Cainiao
【在 r*****e 的大作中提到】
: 不是大问题，会hold tight
: Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
: Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
: started an investigation into its accounting practice.
: Specifically, Alibaba said the SEC has requested information on their “
: consolidation policies and practices” including their accounting for the e-
: commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
: – a minority stake – so it used equity instead of consolidation method
: when it reported Cainiao’s earnings.
: If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
h*9
18 楼
很多人不明白，Baba其实就是一个大的online shopping mall, 他的那些天价的成交量
其实并不是baba卖出去了那么多东西，是在Baba开店的所有人的交易总额（也包括造假
的成交量）。赚钱赚大头的也是店主们，而不是Baba，淘宝和天猫都只不过是个平台而
已。baba的很多其他投资都不透明，不知道钱去哪里了，怎么花的，这也是个问题。
其实并不是baba卖出去了那么多东西，是在Baba开店的所有人的交易总额（也包括造假
的成交量）。赚钱赚大头的也是店主们，而不是Baba，淘宝和天猫都只不过是个平台而
已。baba的很多其他投资都不透明，不知道钱去哪里了，怎么花的，这也是个问题。
T*o
19 楼
BABA收的手续费很高。还有导流的费用。现在连物流都卡住了。有些淘品牌都跑去开实
体店了，说淘宝费用和实体店比都差不多了。
体店了，说淘宝费用和实体店比都差不多了。
w*k
20 楼
伯南克，你赶紧点，65，一个月能到不？
【在 B******e 的大作中提到】
: 不是一句话能说清的，最大的问题是它的revenue recognition,overstate revenue.
【在 B******e 的大作中提到】
: 不是一句话能说清的，最大的问题是它的revenue recognition,overstate revenue.
r*e
21 楼
我也来一句：Have wood Have?
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
a*t
22 楼
握紧还是出了？
【在 r*****e 的大作中提到】
: 我也来一句：Have wood Have?
【在 r*****e 的大作中提到】
: 我也来一句：Have wood Have?
n*s
23 楼
早该跌了，呵呵
有些东西泥无论如何都不四环，粑粑是一个，联署也算一个，要真找原因，貌似也找不
出来
有些东西泥无论如何都不四环，粑粑是一个，联署也算一个，要真找原因，貌似也找不
出来
r*e
24 楼
打算握到明天再说
本来屁大点事儿，说大可大，说小可小，全凭mm一张嘴
【在 a*******t 的大作中提到】
: 握紧还是出了？
本来屁大点事儿，说大可大，说小可小，全凭mm一张嘴
【在 a*******t 的大作中提到】
: 握紧还是出了？
f*t
25 楼
这个太难了，厉害。
【在 r*****e 的大作中提到】
: 我也来一句：Have wood Have?
【在 r*****e 的大作中提到】
: 我也来一句：Have wood Have?
B*e
26 楼
这个不consolidate不是大问题，毕竟菜鸟太小，BABA乱recognize singles day
revenue才是大问题。
e-
Cainiao
【在 r*****e 的大作中提到】
: 不是大问题，会hold tight
: Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
: Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
: started an investigation into its accounting practice.
: Specifically, Alibaba said the SEC has requested information on their “
: consolidation policies and practices” including their accounting for the e-
: commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
: – a minority stake – so it used equity instead of consolidation method
: when it reported Cainiao’s earnings.
: If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
revenue才是大问题。
e-
Cainiao
【在 r*****e 的大作中提到】
: 不是大问题，会hold tight
: Alibaba: SEC Investigation Is A Misunderstanding, Says Morgan Stanley
: Alibaba Group (BABA) tumbled 6.8% after disclosing that the U.S. SEC has
: started an investigation into its accounting practice.
: Specifically, Alibaba said the SEC has requested information on their “
: consolidation policies and practices” including their accounting for the e-
: commerce goods delivery system Cainiao Network. Alibaba owns 47% of Cainiao
: – a minority stake – so it used equity instead of consolidation method
: when it reported Cainiao’s earnings.
: If Alibaba includes Cainiao’s earnings using equity method, Cainiao will
Y*i
27 楼
这个厉害
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
【在 r*****e 的大作中提到】
: 不看TA，FA，只抄底。今天就它没涨
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