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September 2010

Recs

10

Is China Sky One a buy right now?

September 07, 2010 – Comments (3) | RELATED TICKERS: CSKI , SAYCY.DL

Ooh... that's a tough one. It is hard to say, because it was fast-growing, cheaply valued, and suspected of fraud. Then its price dropped 30% over the weekend on news that it won't be growing as quickly, and the CFO resigned right before the 3-day weekend. So its growth is in question, its valuation is even more compelling, and the charges of fraud are more compelling as well. Maybe its cash and other assets are fake, as in the case of Satyam (SAY). Maybe it will never be a going concern. Maybe it will go to $0.02 as the scandals mount.  [more]

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