Stock price when the opinion was issued
Short answer is yes, he likes it. He was selling into strength a few months ago. Now he's looking to reload. On a 5-year chart, you can see the massive bottoming pattern. Won't see numbers like the previous highs again. Probably worth $125-150 over the next few years, if they can stimulate the consumer and the consumer responds.
Chinese consumers have tons of savings, so the potential is there. Buy on pullbacks. One of the best value retail names out there. But you have to be OK with China exposure.
Like Amazon, they dominate key secular growth areas in e-commerce, are in cloud computer though trade at only one third of Amazon's PE. Is a modest grower, but has a huge margin of safety. There's so much pessimism about tariffs now. Wait and see, but would be an opportunity if the tariffs are more bark than bite.
It’s a good idea to be exposed 10% to the high flyers. You should use stops. You have to hang in if you are right too early. They beat earnings consistently and have a buy back in place right now. They have good strategy and a good management team in place. It has not broken technically.