Hurray! Holding Co., Ltd. (ADR) (NASDAQ:HRAY)
The Company is into music production and its offline distribution in China. It is also an online distributor of music and music-related products. It is also an online distributor of music and music-related products in China.
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This stock has been beat down for long enough. They are well positioned in China's wireless market and will undoubtedly be worth more than 5.83 a share come this time next year. Look at the P/E. Look at their customers. Should be a good company to hang with for a while
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Has 75 million in cash alone with have the market cap of KONG. I like this industry and both companies are cash whores. Worried about the chinese government regulations where 75 million can dissapear in an instant. I am looking to invest in one of these companies, but will probably split my money down the middle. Any suggestions.
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Under priced player in China's communication market.
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A value proposition
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I'm going in a bit blind on this little Chinese company, but it has decent balance sheet and generates some decent cash (even though it hasn't yet paid taxes). So it's a bit of a flyer, especially in its industry, but I'm going hop on the train since it's fallen 30% from its IPO.
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