Exactly right!!! Most American stocks are overvalued and almost all Chinese stocks here are undervalued. Without China, people in US couldn't maintain their current life style. Using borrowed money, they are not living within their means. Most Americans, including the government, haven't really thought about the serious consequences when their debt bubble bursts. The crisis will happen sooner or later, no credit card is unlimited. A lot of cracks have started to build up in our economic foundations. Who can fix those cracks, our grand children?
although insiders admitted that consideration of privatization has been going on for a while and was NOT a spur-of-the-moment decision.
Without China, many US companies have nowhere to grow. Chinese have bought a lot of expensive properties in US and lived a much better life than you and I.
Yu Yu didn't do anything wrong. She is saying to American investors that if you hate my stock, I'll put my stock away from you.
Based on Yu Yu's price, the company is extremely undervalued. I imagine interested parties will start to bid for the company, $8, $9, $10 ... Let's the bidding war begin.
"his might have simply been an attempt by management to halt the rampage in this stock that was occurring by throwing a floor under the price. They don't have to go through with this either as this is totally non binding."
This doesn't seem the case. If they are not serious about the deal and simply want to prevent their shares from falling further, they could off $10 or higher. It seems to me they really want to buy this company on the cheap.