Best summary, I just added the last little piece of the puzzle,
the share structure in combination with the $92M buyback!
Short attack: https://finesand.wordpress.com/2018/11/30/cheetah-mobile-cmcm-an-outrageous-unfounded-accusation-short-attack/
- Already refuted with details given: 3rd Party SDKs, not intend
- Google even blogged about it: 3rd Party SDKs, no intend
- Hence CMCM's refutation is supported, forget the class-action suit attempts
Financial etc: https://finesand.wordpress.com/2018/12/05/cheetah-mobile-cmcm-a-financially-solid-high-growth-company/
- $600M in cash on hand
- 2018 PE roughly a 20-30% 2018 EPS increase to $1.66 -$1.80
- adware phasing out slowly, AI driven stuff coming in
- revenue already more balanced by countries and utils/games
And now the magic cooky, which I didn't totally get first: The impact of the share repurchase program they started for $100M earlier. After the short attack they had $92M left.
And they stated: Every day
Best you read it all in my blog, but below I copy the share structure pic and quote the most important conclusion.
Recent CMCM News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/07/2024 10:12:24 AM
- Cheetah Mobile Announces First Quarter 2024 Unaudited Consolidated Financial Results • PR Newswire (US) • 06/07/2024 09:17:00 AM
- Cheetah Mobile Inc. Resumes Quarterly Earnings Reporting and First Quarter 2024 Financial Results to be Announced on June 7, 2024 • PR Newswire (US) • 05/31/2024 01:00:00 PM
- Cheetah Mobile Inc. Files Its Annual Report on Form 20-F • PR Newswire (US) • 04/18/2024 11:39:00 AM
- Cheetah Mobile Announces Second Half and Full Year 2023 Unaudited Consolidated Financial Results • PR Newswire (US) • 03/21/2024 08:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/12/2024 11:25:32 AM
- Cheetah Mobile Further Invests in Beijing OrionStar • PR Newswire (US) • 01/12/2024 11:17:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/04/2023 02:05:46 PM
- Cheetah Mobile Announces Acquisition of Controlling Stake in Beijing OrionStar • PR Newswire (US) • 12/04/2023 01:56:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/13/2023 12:41:39 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
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