2024-02-15 17:08:42 ET
Summary
- Alibaba reported mixed quarterly results, but all six segments could report growing revenue and four out of six are profitable.
- China is clearly in a bear market and an economic downturn, but we might be close to the bottom.
- Alibaba is trading extremely below its intrinsic value and is one of the better investments in the current market.
Alibaba Group Holding Limited ( BABA ) is continuing to struggle and investors in Alibaba certainly have a difficult time and hardly anything to be optimistic about. The stock is once again close to the all-time lows set in late 2022 around $58.
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For further details see:
Alibaba Q3: It Is Always Darkest Before The Dawn