I'm short this stock so I have a vested interest in getting you to sell and discouraging you about its future. Nonetheless I am also an
honest man. I can't see any promise in this stock. They do business
in Taiwan which, as a media company, must make them automatically
suspect in Beijing. Hence the appointment of a watchdog stockholder,
from the Chinese government. You can be sure that any news content
will be heavily slanted and full of the same stuff that Chinese people
are sick and tired of in the regular publications. The only thing going for the company is the illusion of solidity with AOL coming in
at the last moment with a small investment to get 10% of the business.
They paid peanuts, risking little. They can't speak Chinese and don't
know history. There are many other ISP's in China, several of them
much bigger than china.com. I always ask of an investment "Where is
their grip on the future?" I could understand this for BRKA,MSFT,MRK,
CSCO, which I hold. I can understand nothing about this for CHINA. As
others have pointed out, it's one thing to expect a tremendous future for the internet in China, it's another to expect that this particular company will make money. By the way, just now there's no more of the
stock available for borrowing. Other people had the same idea. |
