The Company is an interactive entertainment media company and the an operator of online games in China.
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Not impressed by our visit to their Shanghai HQ. Beautiful, palatial compound that was half-empty. That set off warning signals to my mind.
Sounds like something someone would come up with if they were shorting.
I'm interested in the product pipeline, not the numbers of bodies they have in the office. That was the problem I had when I bought SNDA shares based on a Motley Fool article years back, It had already been a multi bagger, but at that point there was no new games anywhere near the end of production, and so the stock lost half its value in short order.
According to an article in Chinese, William Zhu, former VP of Shanda said Shanda has over XXX millions of pre-paid dollars in their pool, which can not counted as revenue and may takes XX seasons to "digest" it... anyone can read chinese can found the link below... http://news.pcgames.com.cn/cyda/0910/1664234.html