PDD Holdings (PDD) Stock Could Be A Bargain Following Its 38% Slide

PDD Holdings has seen its share price fall sharply over the past year, which puts fresh focus on a basic question. Is the current valuation still supported by the earnings power of the business. The stock is down 38.3% over the past year, which raises the question of whether the market is reassessing what its profits are worth. The company’s model of matching cost-conscious shoppers with merchants relies heavily on keeping operating efficiency tight, which can shape how much of each extra...