Dangdang maintained Overweight at Piper Jaffray Piper Jaffray attributes the 38% decline in Dangdang shares in June to lockup and competition concerns, but believes investors will return to the name as an eCommerce China play. The firm believes Dangdang remains the dominant bookseller in China and maintains an Overweight rating on the stock with a $29 price target. :theflyonthewall.com
Stock pretty expensive to short because everybody knows it's going down. I stick to my $8 target. Mgmt really needs to shut up and run the business. Thats the only way they can prove their critics wrong. Unfortunately for longs, they have no clue on how to manage growth profitably.