KongZhong Corp (ADR) (NASDAQ:KONG)
The Company is a providers of wireless value-added services to mobile phone users as well as a wireless media company providing news, content and mobile advertising services through its wireless Internet sites.
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China. Technology. That's about what I know about this one. Oh, and everyone on CAPS loves it...pure herd play.
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THE GOOGLE OF WIRELESS-CHINA
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This is a developing market and many twists and turns lie ahead but Kong is well placed to go with the flow.
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This stock is undervalued. The general U.S economy is weakening, but the Chinese economy will still grow around 7-9% for the next year. Also the Chinese government just relaxed the old WAP laws that hampered the stock earlier in the year. Look for a solid Nov 8th report.
BUY KONG
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A value proposition
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Will the next Olympics be in China?
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Extremely profitable cheap company with fast growth and a lot of money in cash. Enterprive Value/ Eearnings is on the mid single digits. I dont know how honest is the management but at a first sight this company looks like a Bonanza stock.
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I'm not a big China fan but in KONG I'm willing to make an exception. To show my skepticism I have sold some $7.50 puts. As KONG is on the up I will hopefully never have to honour my puts.
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The population of China as potential customers ? I think I'll get in now.
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beaten down growth stock, strong balance sheet minimizes risk.
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China. Mobile. Recommended by successful investors.
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Chinese wireless operator will figure out new regulatory environment and continue to grow earnings very rapidly. Management team is laser focused and Wall Street friendly.
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