Stormy actually their earnings are at $0.31 PS but their revenue dropped some 3% and the result is obvious -4.5%. But I'm still up $0.09 PS since I got it at $15.76. Complete joke. Their competitor GIGM reported $0.17 and on revenue 80% increase over 2006 and the stock went through the roof.
This guys (NTES) operate at 92% Gross Profit Margin and close to 60% Net profit margin. I don't think you can find another one with the same performance. In addition, they have approved $120 share buyback program just a month or so ago. Thy will buyback about 16% of the Float. This is a big deal
The stock is traded at 13 PE - extremely undervalued based on the above.
I bet you this stock will be back to $18-$19 just in a month.
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