Agree to some extent but do you too believe that micro and macro climate has changed to much granting a share price revision from $600 to $13? I have never seen such a target price revision - and i was an equity prop trader for 17 years...
If you believe that I can only recomend you both to sell. Get out. Now! I think a PE between 8-10 is fair given it's a Chinese hard-to-understand company with all that it implies. That is faaaar less than the multiples that RD is talking/was recently talking about. Still granting a SP multiple times where it's currently trading at.
I believe that the company is moving forward in just about the expected pace in almost all areas except building shareholder value - where they suck! But anybody who has ever invested in the stockmarket knows that PE 2 is extremely low for a growth company delivering profits.
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