There Is Light at the End of the Tunnel for Alibaba
BABABABA(BABA) Gurufocus·2024-09-24 21:00

Shares of Alibaba Group Holding Ltd. (BABA, Financial) seem to have begun a bottoming out process after trading near lows between 55and55 and 80 for some time. Nevertheless, now at 85,sharesarestilldown72.4085, shares are still down 72.40% from their peak in 2020, when shares were 308 per share.While we would expect a company with this kind of price action to have seen its fundamentals crumble, we believe the opposite is happening with Alibaba, as we see great future prospects as the underlying fundamentals have recently stabilized. ...