Jim Cramer ran thru and disputed the 10 'bogus' worried about Alibaba going into it's IPO. Number two was worry about obscurity in who owned the company and founderJack Ma owning 8% of the company.
"Second objection: The ownership is very convoluted with many hidden owners and an opaque structure. Sure, that's true. We know Jack Ma, the major domo of Alibaba, owns about 8% of the company and is selling some stock on the deal. Yahoo! (YHOO) has 22%. The rest? It's not all that clear. But does it matter? They all obviously have skin in the game, so I don't think that's as big an issue."
http://www.thestreet.com/story/12885713/1/cramer-on-this-weeks-big-ipo-10-bogus-claims-against-alibaba.html?puc=CNBC&cm_ven=CNBC
After listening to Ma being interviewed this morning on CNBC by Crmaer and David Faber, I have to put hom in the pro rather than the con column. He really struck me as a very impressive guy. Cramer called him the most 'uncynical interview I can remember'-he raised some eyebrows by saying that the company philosophy is customers first, eomployees second, and invaestors third.
He really touched everyone with his Forrest Gump rerereence. The man who most inpired him wasn't Mao-for those always beating the Communism horse-but Forrest Gump.
Sumner is another one always raving about China. I sometimes think his Sinophilia is a little overdone-just like I find Morgan Warstler's Technophilia. Here he goes again.
http://www.themoneyillusion.com/?p=27555
Still I don't find his beating the China horse as obnoxious as his beating the zero mulitplier horse and after seeing Mr. Pa, maybe the future of China is a bright as Sumner thinks it is.
"Second objection: The ownership is very convoluted with many hidden owners and an opaque structure. Sure, that's true. We know Jack Ma, the major domo of Alibaba, owns about 8% of the company and is selling some stock on the deal. Yahoo! (YHOO) has 22%. The rest? It's not all that clear. But does it matter? They all obviously have skin in the game, so I don't think that's as big an issue."
http://www.thestreet.com/story/12885713/1/cramer-on-this-weeks-big-ipo-10-bogus-claims-against-alibaba.html?puc=CNBC&cm_ven=CNBC
After listening to Ma being interviewed this morning on CNBC by Crmaer and David Faber, I have to put hom in the pro rather than the con column. He really struck me as a very impressive guy. Cramer called him the most 'uncynical interview I can remember'-he raised some eyebrows by saying that the company philosophy is customers first, eomployees second, and invaestors third.
He really touched everyone with his Forrest Gump rerereence. The man who most inpired him wasn't Mao-for those always beating the Communism horse-but Forrest Gump.
Sumner is another one always raving about China. I sometimes think his Sinophilia is a little overdone-just like I find Morgan Warstler's Technophilia. Here he goes again.
http://www.themoneyillusion.com/?p=27555
Still I don't find his beating the China horse as obnoxious as his beating the zero mulitplier horse and after seeing Mr. Pa, maybe the future of China is a bright as Sumner thinks it is.
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