Giant Interactive Group (GA)

pauljs33 (87.97) Submitted: 4/20/2009 9:55:01 PM : Start Price: $7.51 GA Score: -34.78

Enough cash that I truly believe they can weather the economic storm. The CEO of this company has been around the block several times. He knows both success AND failure. I'm guessing he didn't really like the taste of failure since he took a bit of time off to reflect afterward. Maybe that's why they have sooo much cash and so little debt on this go around. Mr Shi has a loyal following of techies who are extremely bright (he is bright too, BTW). The down side is that this is a very competitive market. They seem to be sewing the fabric of a product base. One stitch at a time...... I'm in. Not just on caps....

For a little bit on Mr Shi look here. The english is a bit tenuous, but you can follow the drift.

http://www.cognet.cn/shiyuzhu%27s%20Column/shiyuzhu_jianli_eng.html

If you don't want to page through the site and read a lot of info, I'll boil it down for you,

1) he started a company.
2) It failed.
3) he took 3 years off. he hiked mount everest with his buddies to reflect. almost didn't make it back.
4) he formed another company and started selling medical stuff. He committed to pay off all of the small investors who got burned investing in the first company.
5) he got all his compadres to help him with SW development for a game.
6) his followers are very loyal and will go to the wall for him.
7) the newco has no debt and has his vision stamped all over it!

There are probably a few things I didn't get exactly right here, but it's my take on the events of the past.

It seems Mr Shi is a stubborn man who won't take no for an answer. His troops follow him and will go the distance for him. It takes a special person to succeed in this type of business. The $10 million dollar question is: Do you want to invest "YOUR" money in this guy and his company.....

Not the end of the Giant story, but wouldn't this investing thing be boring if that was the end? Let's sit back and see what happens here....