eastunder, hi, again a good article and thanks for sharing.
YOKU
Revenue :43.5 m
Operating cash flow: -23 m
Market cap: 3.87 billions
Would you buy a business that is losing money and burning investor’s cash and no chance in making a profit in the next few years with a market cap of almost 4 billion dollars? That is totally insane. I smell dot.com era coming back again.
YOKU is losing money in the foreseeable future; it may take many years before they’ll make a dime, if ever. Anybody familiar with the Chinese Stock market won’t touch YOKU with a 10 foot pole. Only the gullible American investors can be misled into buying YOKU stocks. I bet GS and other hedge funds are starting to short YOKU stocks behind the scene.
Recent stock prices were pumped up to $50 and quickly dropped to $28, then pumped to $42 and dropped to $37.5 today all within a month period. So American investors be aware and look down below, very dangerous.
Best regards