TheStreet’s Jim Cramer is watching Alibaba (BABA) as it prepares to report fourth quarter earnings before the bell Thursday. He says the IPO came with a lot of fanfare but it’s been a disappointment since. Cramer reminds viewers that he has said all along do not own Alibaba. If you want to own in Alibaba, invest in Yahoo! he says. Yahoo! as it comes down, in sync with Alibaba, you have to remember, is going to be recapitalizing. They’re going to give you a stake in Alibaba and Yahoo! Japan and then what you’re left with is a company that is going to be valued at less than zero — and Cramer says that’s wrong because Yahoo! has a big installed base, just look at Yahoo! Finance. He says Yahoo! is worth something but feels that it’s falling on deaf ears. At the same time, he says he does not like Alibaba.
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