Alibaba: The Story Keeps Getting Better (Rating Upgrade) (NYSE:BABA)

Core Insights - Alibaba Group Holding Limited (NYSE: BABA) stock experienced significant volatility, rising from $135 to nearly $200 before settling in the $160s range [1] Company Analysis - The focus is on identifying undervalued and disliked companies with strong fundamentals and good cash flows, particularly in sectors like Oil & Gas and consumer goods [1] - Energy Transfer is highlighted as a company that was previously overlooked but is now considered a valuable investment opportunity [1] Investment Strategy - The investment approach emphasizes long-term value investing while also exploring potential deal arbitrage opportunities, such as those involving Microsoft/Activision Blizzard and Spirit Airlines/JetBlue [1] - There is a clear preference for businesses that are easily understandable, avoiding high-tech and certain consumer goods sectors like fashion [1]