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maybefalse/iStock Unreleased via Getty Images Investment thesis My previous bearish thesis about Alibaba (NYSE:BABA) aged well, as the stock tanked by almost 17% since mid-September. While I understand that the risks of investing in Chinese stocks in general and in Alibaba are inherently risky due to massive political risks and headwinds in the macro economy, I believe the stock is too cheap at the moment. In my opinion, the sell-off after the cancellation of the restructuring plans was the market's overreaction. My valuation analysis under very conservative assumptions suggests that the stock is more than 60% undervalued. From a fundamental...
