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Strategies & Market Trends : Value Investing
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To: Harshu Vyas who wrote (74907)1/23/2024 8:35:41 AM
From: Elroy  Read Replies (1) of 78744
 
I got no idea what's going on with Chinese internet companies.

Seems like the Chinese economy is in free fall.

It makes sense to me that the entire Chinese economy crashes at some point in their own financial crisis type of housing collapse. I've a few articles about their major home builders going bust, which makes sense as the house of cards (borrow, build, pre-sell, use pre-sales to keep building....) eventually has to overheat.

But I got zero special insight into them.

With GRVY it's only one company, with clear cash generation, and ridiculously low equity valuation. It might make sense to wait until GRVY announces some dividend or share repurchase, and after that (cuz that seems like an awesome catalyst for their stock price) buy GRVY. It might be $15 higher after the announcement, but it could easily run hundreds of dollars higher if they decided to behave in a shareholder friendly manner.

Without that, there's not much reason to believe the GRVY valuation discount will go away.
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