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E-Commerce China Dangdang Inc.
Growth in mobile purchases, great fulfillment reputation and an ever expanding customer base. DANG also will improve as it's customer base moves more from COD to pay ahead via credit card.
Short-term red, long-term green.
It's called the Chinese Amazon so it's should have the legs to run.
Dang if i didn't buy this. This was bought with anticipation of improved earnings, Purchased @ 8.90/share and sold covered call for .44/share expires Dec strike $10. Breakeven $8.46. This is a short time hold, Limited time for it to move higher. Happy investing John
Bullish view on DANG and the Chinese eCommerce industry:http://nasdaqnewsreports.blogspot.com/2013/09/comparing-major-players-in-chinese-eCommerce-industry.html
The Ebay of China is already showing positive signs of growth, but it's REAL GROWTH STORY LIES AHEAD in a few years!!!
Definitely will do well.... be patient!
Will post a profit this quarter and street will jump on it. Gaining market share.
DangDang is the Amazon.com of China, trading under $5. Doesn't that say enough?
Penny Stock Detective
No chance against competitors Amazon China and Tmall/Taobao. Dangdang has been wrongly tagged by mainstream media and investors as "the Chinese Amazon," but doesn't live up to its name. Its net income has been in the red since the beginning and sales fell this past quarter. It has neither the scale nor the network effect to compete.
Someday... but not just yet
If you could go back in time and buy Amazon under 10$, you would do it in a heartbeat right? Well, guess where Amazon is banned? If you said China, you are correct. Guess who does exactly what amazon does, but isn't banned? DANG!
low valuation, market cap almost equal cash on balance sheet
Chinese internet companies look attractive to me. Chinese consumers are beginning to appreciate the ease with which it is to shop online, and a government backed site like DANG with a relatively small market cap, and solid infrastructure, will go up in value.
"Amazon of China" just transitioning into more than books (similar to Amazon). Has developed infrastructure for delivery in China (including rural areas) with local couriers. This takes time to develop and gives them a temporary competitive advantage.Co-founder Peggy Yu Yu has recently pledged that her family will purchase $2 million in shares over the next 6 months following the price drop. Company is being lumped in with all the other China stocks due to fraudulent fears. I don't think this company is involved in any of that - been around a long time.
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