Hurray! Holding Co., Ltd. (ADR) (NASDAQ:HRAY)
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The Company is into music production and its offline distribution in China. It is also an online distributor of music and music-related products. It is also an online distributor of music and music-related products in China.
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I like cash, don't you like cash. Well for only $1.45 you can essentially purchase a profitable Chinese music distributor in Hurray. Sure they operate through Chinese cell phone operators and sure there are many tools to usurp HRAY's technology, but hey... at $3.08 in cash and no debt im not arguing at the profitability. Did i mention they are located in China...given the inane euphoria of this market does that not translate into an overnight 60% gain?
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