Whthf is wrong with YY?
near 52 week low. Trading at 11 forward PE with at least 50% EPS growth.
This is a blatant manipulation by US based hedge funds and inaction or lack of aggressiveness by management is becoming a negative feedback loop for the stock
YY should be trading at least at 75 even if you apply ultra-conservative PE of 15.
There is something about management of these companies. They like lower stock price. It must be inherent in Chinese culture.
They should be doing so many things to shore up this joke of a stock price, but they choose to sit and watch shareholder on Chinese water torture.
I will read all his posts in due time. However I don't think this is time to sell this stock with China easing big time and intrinsic value 2X-3X current price.
Take EJ's financials and subtract LEJU's and add back EJ's LEJU ownership and you come up with $11 value without EJ's legacy business,
Dont listen to KSN or any other bears and part your shares cheaply. 6 month to 1 year from now you will regret big time.
EJ is also huge buyout candidate.
The management of this, QIHU and many other chinese companies don't care and don't have skills to manage capital markets.
Currently market is polarized and refuse to see any other Chinese internet stocks than BABA and BIDU. Its like nothing exists other than BABA and BIDU.
These companies have to do something extraordinary to let markets know that they exists and teach shorts a lesson and show the markets that they are have incredible value. They just sit and wait with the expectation that market will eventually recognize them.
They have active buybacks but does not seem like anything is happening. That and so many other things that can be done, but nothing happens.