Alibaba Avoids Delisting: Should You Buy This Growth Stock Now?
Alibaba (NYSE: BABA) stock has benefited from a huge relief rally in recent days. A preliminary agreement between the U.S. and China will allow U.S. auditors to investigate Chinese companies.
Such a deal dramatically reduces the odds that U.S. exchanges will delist Alibaba stock. But does that make the internet and direct marketing retail stock a worthwhile investment?
U.S. investors have faced significant challenges with Alibaba and other Chinese stocks. China bars U.S. investors from directly buying stock in a company. To circumvent this rule, investors turn to American depositary receipts (ADRs), certificates issued by banks that represent a specific number of shares of a foreign stock.
Source Fool.com
