Ctrip.com International, Ltd. (ADR) (CTRP)
The Company is a consolidator of hotel accommodations and air tickets in China.
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I like Ctrip and think that management has done a good job managing for growth. However, shares have gotten a little expensive. Assuming a 5-year growth rate of 25% and then growth declining to 15% by year 10, Ctrip is worth $66 per share at a 10% discount rate and $55 per share at a 12% discount rate.
I will look to end this pick if Ctrip falls much below $50 per share. Short-term on this one. I will go thumbs up again at $45.
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I don't think it's all that hard to start a travel website.
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When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
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The 1929-1930 equity rally (coming out of The Great Depression) lasted 147 days and the market was up 46%. It has been the same amount of time since the March, 2009 low and we are up about the same percentage. It’s déjà vu (paramnesia), so prepare for a drop of about the same percentage (85%).
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It's game over for China
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Good company. But looking overpriced again.
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sell china
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still overvalued
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With the recent events I doubt anything in China will be doing much of anything. However give it 3 to 4 years and this will be ripe for the taking.
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ahead of its value
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People have no idea what they are buying
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Great business prospects but seems overvalued at these prices.
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Love the stock but PE of 73 and PEG of over 2 is too rich. Will wait for better pricing.
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CHINA hoLds olympics 8/2008. MAKE YOUR LODGING AND FIGHT RESERVATIONS NOW.
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This stock is overvalued.
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the P/E is way to high. I do not see how the stock price can continue to climb this much with a p/e of almost 67.
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Maybe it is a great company, but it is getting expensive now.
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Reload after a plus-five. I won't do this if the game designers ever repair their addlepated "accuracy" measure.
On the stock, I don't think they sustain their margins, and much as I want to be long Renminbi cash flow, I don't think they'll have as much of that as the market (still) believes.
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Have enjoyed the ride up on this one but I think at this valuation it is too high and recent comments by Chinese government officials that the market is heading for a bubble concern me given the uncertainty of government intervention possibilities in the Chinese market.

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