Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing

Why Alibaba's New Shareholder Letter Confirms That Our Bullish View of the Stock Is Right

As Money Morning Associate Editor Kyle Anderson noted in a report late Thursday, shares of Alibaba Group Holding Ltd. (NYSE: BABA) are up 15% this month.

And the near-term bullishness could continue after the company released a letter from founder Jack Ma that's aimed at assuaging shareholder fears about growth.

I perused Kyle's report for two reasons: First, he's a colleague of mine here at Money Map Press, so I know he's a sharp young business journalist (one of the top emerging talents in the news biz, actually) - and I wanted to see what he had to say.

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK