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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (44373)9/15/2011 5:30:20 PM
From: Jurgis Bekepuris   of 78628
 
PWRD. I also bought more. But... couple weeks ago they announced that they will invest heavily into VC fund: finance.yahoo.com IMHO, this is not a good use of capital. Most companies that made investments into VC funds did not get a good return.

In addition, PWRD/GAME/CYOU (and BIDU see sec.gov pages 19-21 ;)) all operate semi-illegally through contractual arrangements, since China does not allow foreign-owned Internet companies ( see also Message 27461736 ). I'd love to see the day when Chinese govt shuts down BIDU though. ;)
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