Replies to post #966 on CDC Corporation (CHINA)

[EZ2]

Ironically.....almost exactly a YEAR ago (you can trace the share price since)........but, "buybacks" with CHINA do not seem to mean much............

" the company has repurchased an additional 505,018 common shares at an average price of US$8.67 per share for a total of US$4,379,050 since the board of directors approved an additional share repurchase program on May 2, 2007."

#msg-19943726

[Sultan]

FWIW..

I own a ton of CHINA as EZ knows.. It has been a huge disappointment last 15 months and my position is quite under water since I added some around 8-10 range late last year.. But I have also added recently in 3+ range..

Having said that I am not worried about this stock at this point if one has staying power.. It may not get back to double digit any time soon but from valuation perspective it is cheap.. They do have to start delivering on net income on improved margin but if that happens, I can see this stock heading back to 7-10 range in a year or so..

Pissed but intend to hold..

p.s. I have no doubt the company will start buying the shares since management has a lot of their fortune riding on company share price..