+ Watch DANG
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E-Commerce China Dangdang Inc.
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
Worth less than $1 B, this company has a ways to go to saturate the massive Chinese market. With sales growing 40% and 50% clips every year, all this company needs to do is start turning a profit...
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 $5. Doesn't that say enough?
Penny Stock Detective
No chance against competitors Amazon China and Tmall/Taobao. Dangdang has been wrongly tagged by mainstream media and investors as "the Chinese Amazon," but doesn't live up to its name. Its net income has been in the red since the beginning and sales fell this past quarter. It has neither the scale nor the network effect to compete.
buy on dip
Someday... but not just yet
If you could go back in time and buy Amazon under 10$, 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.
Way under-priced (especially compared with other Chinese Internet companies).
I've learned a little trick these Chinese companies are using. Have you noticed they all have China in their name? How many companies do you know that have America, Canada, Germany, etc... in their names? The reason they put China in their name is to draw in foreign investors, because China means growth. Most of these companies are frauds and you should stay away from them.
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