Jeff Boyd
Thelord
:
Trades for less than cash on balance sheet. How do you figure it is overvalued? Going to lose money for a little while but not all that much.
Jeff Boyd
:
Not really. I don't understand why anyone would pay to watch someone else game but I guess it isn't that different than paying to watch sports which I do so I'm not totally against their business model. It is just a valuation play; when you can buy a company for less than cash, it is usually a good deal unless it is burning lots of cash; it strikes me as a very conservative investment although the risk of being able to enforce sound corporate governance practices exists.
Thelord
Jeff Boyd
:
The stock is down 25% since 28 Feb. I see more downside and it minimally should retest 3.7. Why would you want to be a bag holder when you can short it to earn money
Jeff Boyd
Thelord
:
Same reason I didn't go long when shares were in a bubble. I don't know what is going to happen. PRC may shut down the entire industry but unlike the Education companies, they don't have lots of employees and long-term real estate leases that have to be paid off in the event they shut down nor are they burning lots of cash. The stock is down because of relentless negative headlines and not careful analysis of values. Tuesday will probably be bad too.
Poop Turtle : No worries. The grandfather is Tencent
SunBird Poop Turtle : I think the grandfather has forgotten this grandson. For a few months never give 10cent worth of vitamin M
Thelord : This stock is still overvalued
Jeff Boyd Thelord : Trades for less than cash on balance sheet. How do you figure it is overvalued? Going to lose money for a little while but not all that much.
Thelord Jeff Boyd : Huya loyalist
Jeff Boyd : Not really. I don't understand why anyone would pay to watch someone else game but I guess it isn't that different than paying to watch sports which I do so I'm not totally against their business model. It is just a valuation play; when you can buy a company for less than cash, it is usually a good deal unless it is burning lots of cash; it strikes me as a very conservative investment although the risk of being able to enforce sound corporate governance practices exists.
Thelord Jeff Boyd : The stock is down 25% since 28 Feb. I see more downside and it minimally should retest 3.7. Why would you want to be a bag holder when you can short it to earn money
Jeff Boyd Thelord : Same reason I didn't go long when shares were in a bubble. I don't know what is going to happen. PRC may shut down the entire industry but unlike the Education companies, they don't have lots of employees and long-term real estate leases that have to be paid off in the event they shut down nor are they burning lots of cash. The stock is down because of relentless negative headlines and not careful analysis of values. Tuesday will probably be bad too.
Thelord Jeff Boyd : I see. Are you based in US?
Jeff Boyd Thelord : Yes. You in US?
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