US stocks $PDD dropped from 160+ to 75 in half a year, with a PE of 8, close to bank stocks. Compared to peers with double-digit or even dozens of PE, it's already cheap enough. Plus, there are hundreds of billions in cash sitting on the books, and the company continues to grow and be profitable. I personally believe the current stock price has entered the undervalued zone.

However, PDD also has a notable issue: no share buybacks ➕ dividends. But I believe Boss Huang won't harm shareholders' interests and is planning for the long term.

Yesterday, I bought a tiny initial position of 1500 and plan to start dollar-cost averaging.

#美股 #PDD