Im bulllish IQ stock, a top streaming service in China, and also downloadable in USA.
7.80 forward P/E, cheap. most growers are trading in the 30 PE range and some in the 100 PE.
Stock is trading below tangible book value, so you couldnt make this company for cheaper in theory. Its roughly trading at liquidation value (market prices can fluctuate for their assets).
25% growth expected per year, should double earnings every 3 years.
China is in downturn, real estate depression. Im buying now before they have good times.
Be safe. do your own homework. Listen to Warren Buffett and Peter Lynch.
Cheers!
7.80 forward P/E, cheap. most growers are trading in the 30 PE range and some in the 100 PE.
Stock is trading below tangible book value, so you couldnt make this company for cheaper in theory. Its roughly trading at liquidation value (market prices can fluctuate for their assets).
25% growth expected per year, should double earnings every 3 years.
China is in downturn, real estate depression. Im buying now before they have good times.
Be safe. do your own homework. Listen to Warren Buffett and Peter Lynch.
Cheers!
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we moving bby.
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