Is Alibaba’s Stock A Buy With Its Treasure Chest Despite ‘400’ Counterfeiters?
- Friday, May 6, 2016, 15:20
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Alibaba Group’s reported its fiscal fourth quarter earnings results on Thursday that saw the Chinese internet ecommerce giant top sales forecasts, showing year-on-year (y-o-y) revenues up 39%. But with its profits falling short of analysts’ and The Street’s expectations, the question remains is the stock a buy at below the $100 mark and at current levels?
http://www.forbes.com/sites/rogeraitken/2016/05/06/is-alibabas-stock-a-buy-with-its-treasure-chest-despite-400-counterfeiters/
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