Is it inside trading when Carl Icahn tweets that he's buying more AAPL stock or AAPL stock is worth X? Is it insider trading with Bill Ackman buys stock and call options in Allergan ahead of his firm and Valeant making an offer to buy the entire company?
Charles strikes back. Not bad. Certainly better than what Goldman helped you with before Weibo IPO.
We still have a ways to go Charles. Let's get the deal done with Guo!! It's not just all about your bank account, it's about shareholders as well, shareholders who have supported you and Sina for years.
This HAS been the worst short on Wall Street.
IF it goes back to 20, it will have been a very good short.
IF it keeps going to 40 or 50, it will have continued to be the worst short on Wall Street.
No position, just watching.
CTRP and LONG
I'm not sure they still have the stake, but they did buy in in 2011
Actually there are a growing number of existing shareholders buying and a new shareholder fosun. I'd highlight that the ceo sits on the focus media board
Owns 57 percent of WB. Worth 1.9 Billion. Alibaba is partner and is growing
Has 1.1 Billion in net cash
Has 300 Million in investments of other companies such as E House
Market cap is 2.5 Billion, 30 percent below the value
Is generating cash and while investing at depreciation rate
Market cap $ 2.5 billion. Stock price $43.17
Bought back $311 million at average price $38.40. Have $200 million remaining to buy back
Fosun new shareholder owns 9 pct
Top 10 holders own 35 pct
Could be wrong but risk reward looks favorable