I have initiated a position in DANG...joining mikie and others.
Rating = buy
In a 1/2 position..other 1/2 allowed for averaging
Entry price = $8.32
What i'm seeing in my DD is a very interesting company here. they're growing by leaps and bounds and have put distribution facilities in many places in China.
They were profitable but now are seeing (very) mild losses due to their entry into general merchandise.
They appear to be emulating Amazon's business model in china..and doing a pretty good job of it.
Buy rating for me = max 5% of portfolio position
Oh my god there it is!!!!!!
This plus ALU and AVNR over $5 must make PINOCCHIO TS/BS/GD the biggest loser financially speaking on this mb! And he is a badged and liscensed pumper? Who certifies these pumpers anyways?
Trade upgrades shares of Dang from Buy..to STRONG BUY.
70% growth year over year.
Dangs business model has them emulating Amazons business model in China..and doing a VERY good job of it.
They've recently opened many more distribution centers all over china to bring the merchandise closer to the consumer.
They have a VERY big following in china per my DD.
With todays buys i'm at a regular hold (5% portfolio).
I wouldn't object however to buying more if the opportunity presents itself.
Overall..as you can see from my buys i'm a big believer in spreading my portfolio around the world. FTE..VE..in EU..dang in china...
lots of good opportunities out there for sure.
As for dang..i think it can see 12+ again in time.
Maybe much more even if they keep growing. And china is a big place to grow in.
Strong buy = Dang.
worthy of this upgrade IMO.
do your DD
ignore these newbie traders...be an INVESTOR.
I have bought another 50% position in DANG at 7.21 bringing my position to a full (regular) hold (5% portfolio).
positions bought at 8.32 and 7.21
Cost average = 7.76
I dunno. What is Amazon China worth in time?
Portfolio hold for a few years in any event and we'll see.
TS reiterates a BUY rating on shares of DANG.
Following a little pullback from my entry it would appear we're in a solid uptrend with the stock up a nice 3.6% already on the call.
I've done a lot of DD on this recently and am finding this extremely interesting. their growth has been running about 70% year over year and they've opened numerous distribution centers throughout china. What once was primarily an online bookseller has now expanded and leveraged their very large customer base into an amazon dot com type of business model.
margins took a hit in doing so but it's volume they're going after and it looks like they're succeeding nicely.
They have plenty of cash on hand and a lot of growth.
Risks here are the barriers to entry may not be that great but this company already has a strong start. And with their market as large as it is..this could become very much like an amazon in china I think.
I remain in a 1/2 position..with a buy rating.
I'm being more careful than normal with averaging and would prefer to keep cash on hand for any major market pullbacks.
I presently anticipate my position being a multi year hold at this point. Never can tell how high something like this can go given such a huge market.
recently..the stock was 12+ and this may represent a really good opportunity for a pullback.
do your dd