+ Watch DANG
on My Watchlist
E-Commerce China Dangdang Inc.
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.
Don't get me wrong.DangDang.com is a great. My fellow Chinese and I love to buy books from them. The "down" thumb is only for its valuation.
Lots of comparisons being drawn between DANG and Amazon or eBay. Can't help but be skeptical any time somebody says "Wow, the next foo!" But here's the thing: even if that's true, it doesn't exactly help the long case. The valuation is all that matters, and it just isn't there. The last time AMZN or EBAY had valuations anything like DANG, the year was 2000 and investors who bought into those companies lost (in Amazon's case) or were saddled with years of mediocre returns (EBAY). And Amazon and eBay went on to be every bit as successful businesses as people supposed they'd be.It's not what you buy, it's the price you pay for it. Even if E-Commerce DingDong here turns out to be the best thing since sliced bread, it ain't like you're going to be paid for it at these levels... so who cares?
This will be going up soon cant wait for the conference call this week.
Ebay in China.Say no more.
Who knows, but with a rising yuan, increasing users, increasing order values, low PEG, and the possibilities of spreading into other markets, I am willing to watch the price fall for awhile before maturity.
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