CANG.
Cango Inc. is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants.
The company has recently reported pretty solid Q3. My average price is $1.77, I bought it mostly due to its strong balance sheet, management's capability (I like Walter Shloss method of investing). Company has almost no debt, and enourmous cash position.
The management announced it has successfully completed the acquisition of crypto-mining assets, diversifying its business portfolio. The Company's stock price doubled since September, and I do believe it has to be valued more than it is now. If anyone is looking for micro cap company, I guess it is good to take a look.
Would love to hear more from you guys,
Thanks!
Otabek. |
