Gil B. Luria, Managing Director at Wedbush Securities, says the hype around Alibaba Group Holding Ltd (BABA) appears to be justified. At the time of its IPO, Luria says Alibaba was the largest, most profitable, fastest-growing company possibly ever.
“That justifies a lot of the attention that they are getting, not to mention that they are in the biggest, fastest-growing market, and they have overwhelming share there,” Luria says. “They have a very colorful Chairman who has drawn a lot of attention to himself.”
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Since the IPO, Luria says Alibaba has calibrated its expectations in terms of what the growth rate is over the last couple of quarters. He says concerns around the health of the Chinese economy have also impacted Alibaba.
“Because Alibaba is the largest Chinese company, that has put them under pressure as well because of that concern,” he says. “But overall, I do believe the hype about Alibaba is justified.”
Christopher Tsai of Tsai Capital Corporation Invests in Yum China (NYSE:YUMC) Along with Alibaba (NYSE:BABA)
October 10, 2017
Linn Energy LLC (NASDAQ:LINE) May Increase Distribution; Negative Headline Pressure Seems Overdone
March 21, 2013
CIT Group Inc. (NYSE:CIT) Trading at a Discount Around $50 While Set for Long-Term Growth
January 03, 2014
Waste Management (WM) Turns Business Around and Becomes ESG Leader in Waste-to-Energy
November 06, 2012
eBay Inc (EBAY) Turns Around Its e-Commerce Business to Improve User Experience and Increase Sales
March 01, 2013
