PDD Holdings: I'm Buying This Now

Kenneth Cheung Investment Thesis PDD Holdings (NASDAQ:PDD) delivered very strong results. The company is extremely secretive and keeps its prospects very close to its chest. By the details we can glean, we can see a company that is growing at such a rapid pace, with such strong free cash flows, that paying approximately 13x forward free cash flow makes this stock cheap enough that it more than makes up for its opaqueness. What's more, the business has approximately $8 billion of net cash, which means that g ...