they have to dlir, they have to execute, all of those logical things. you're in a framework where it's still, quote/unquote, fair but not cheap. >> that seems to be it is sentiment on the desk as well. rosenblatt securities, martin. >> i would argue there's somewhat of a political premium in this because this is a state-sponsored monopoly. jack ma became the face of chinese business for the whole world. so, i would say there is some -- china certainly is not going to wanted to see this company fail and they also get benefit for being part of that state-sponsored monopoly. i would think it trades at a premium. >> we dint didn't talk about it's a play on the chinese economic boom and growth story, which has started to come down a little bit. >> kind of the point is sheer size and scale puts them at a massive advantage over their competitors. logistics is what this is all about, their ability to execute is where they're going to hold onto their margins. i think they dwarf amazon. if you look at revenues to ebida 20 times. it's about skashlgs size and move