YY is a great company, a leader in China’s new Live Show on PC and mobile phones.
The revenue and profits are in high number ( RBM 6 Billion and 2 billion roughly for 2016), and growing fast. PE is about 12. Buy !
YY is a great company, a leader in China’s new Live Show on PC and mobile phones.
The revenue and profits are in high number ( RBM 6 Billion and 2 billion roughly for 2016), and growing fast. PE is about 12. Buy !
See the figure below, the figure is 40KB in size.
The share prices indeed went down and then up. Now at 47.76, an increase of 4% in 2 weeks.
I sold my short position in General Mills (with some profit) to long YY at 45.86 USD per share, whose share prices have come done recently.
The assumption is the business will do better in 2017Q1, while the share prices may go up or stagger or go lower, the key is the sales and profit will go up in 2017Q1.
If the assumption is held up in the next report, we shall keep this stock for long term.