Market Overview

Why Alibaba Is Still A 'Golden Goose'

Why Alibaba Is Still A 'Golden Goose'
Related BABA
SoftBank's $100 Billion Technology Fund Establishes Its Home Base In London
On Black Friday, Traders Loved Amazon, Bank Of America And...DryShips
Gurus Shop in Robust Consumer Cyclical and Technology Sectors (GuruFocus)

Tim Seymour was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

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'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:

Posted-In: Emerging Money Tim SeymourExclusives Trading Ideas Best of Benzinga


Related Articles (BABA)

View Comments and Join the Discussion!