Why Alibaba Is Still A 'Golden Goose'
Hedge Fund Manager and Emerging Money Founder Tim Seymour on Wednesday discussed Alibaba Group Holding Ltd (NYSE: BABA) with Benzinga.
"They are still, to me, the Golden Goose. As an emerging markets investor...you're best with the state, not against it," Seymour noted, as he explained that China's government would get more involved in cleaning up the e-commerce space to end sales of fraudulent goods.
Seymour felt that the market had misconstrued the "regulatory noise" and indicated that the company would continue to grow due to the size of the market and was a great long-term story.
Shares of Alibaba closed at $83.75 Wednesday, up 0.14 percent.
Listen to the show here:
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.