China Trading Stocks

[kindama]

Re: ZA

I like it a lot. Recent news seemed positive. Sales fair results much better than I feared (orders down 15%, but that's from 25% fewer stores). Dividend will be announced in April (I'm expecting a modest recurring amount rather than a special, but it's a great governance signal). New accessories outlets (I love the countercyclical investment - much better than just sitting on the cash forever).

It seems that one large holder was determined to dump its position by year-end. This is the downside of low float. They knew they were getting a terrible price on their sales, but I think they were in since the IPO and being down 80%, the next $1 probably didn't seem so important.