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Zuoan Fashion Limited Message Board

  • fwu26 fwu26 Mar 6, 2014 10:48 AM Flag

    Which U.S. listed Chinese companies below cash value didn't pop?

    Between XNY and ZA, I will definitely pick ZA. XNY will spend $100M +/- on real estate factory and there's not much cash left on the table after this project. ZA on the other hand will spend $16M USD on leather stores (I think its good move, most Chinese consumers love leather goods) and promised to pay $X? dividends. Its also siting $5 USD cash per share after total liabilities. If you take 45% discount on their A/R, total cash per share after total liabilities is around $7 USD per share....CEO is owned 55% of the company and it was IPO in 2011 (not like the reverse merger scam company)....

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    • Every one knows the numbers. It comes down to this -- is management going to let the company go dark and steal the company from USA investors, or is he going to do the right thing for shareholders? We will know based on dividend decision. It is no sure thing that BofD will declare a divvy.