$PDD Holdings Inc(PDD)$ Management teams not focused on their company’s daily stock price is exactly the type of management I prefer.
Management cut from this cloth are the type that understand capital allocation, and that growing the intrinsic value of their business over many years is of utmost importance rather than short-term EPS targets. This is what drives a stock price over the long-term.
It seems to me management made it very clear on their last earnings call that they do not want stockholders focused on short-termism. For all those looking for near-term profitability, and a management team that is geared towards making Wall Street’s quarterly earnings figures, perhaps PDD shouldn’t be in your portfolio.
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