PDD, cheap growth, and if it's a buy
Some discussions on PDD earnings, reaction and broader implications for China
Did anyone buy PDD puts on Friday? If so, congratulations you’re a millionaire now. They reported total revenues which were up 86% year over year, operating profits were up 156%, and net income was up 144% over the same period of time. If you didn’t look at the stock price reaction (or the guidance) it was a beauty of a report. PDD fell almost 30% on t…
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