+ Watch DANG
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E-Commerce China Dangdang Inc.
Dang-it, I should have played this one up from much lower, but I'll have to ride the short covering, day traders, speculators, and wannabes. E-Commerce China Dandang, Inc gest speculation because it's market in China is huge. It's sales, considering it's market are only so-so. Margins weak, P/B >12, Crushed earnings, when they were expected to have a loss, is subjective. $0.04 per share is better than a $0.07 loss and I can't say it's a one quarter thingy, and though I'm not sure how Seasonal they have quarters, versus us, Chinese New Year should have been a plus."Gross margin jumped 420 points to 17.6% as Executive Chairwoman Peggy Yu Yu said the quarter reflects the company's "solid execution of our strategies to transform Dangdang from an online bookstore into an integrated online shopping mall targeting mid-to-high-end consumers." Hard to transform yourself and hard to say if they have a niche or a moat. When a company crosses from a loss to a profit, no matter how small it usually attracts a LOT of attention and a huge rise in share price....but if they fail to continue or don't grow to expectation, the balloon can burst, though it may take a few quarters.Riding the short spike/speculating down for now....will need to see if this is a short term bank, or long term bank, or if my timing is off, (didn't follow my 3-day rule), and I'm stuck with this call.
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
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.
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