Block thinks all the China RTO are frauds to some degree or another. That's the message I got, so every single RTO is now a target, and a very dangerous sector in my view- especially now that the most popular shorter in the world got acclaim on CNBC. However things could change if enough companies prove him wrong. Time will tell. Wade
CNBC-Carson Block piece. Sounds like he will be doing a hit piece on some larger IPOs. Wonder what he is going after there?
edit- How about BIDU? They have a similiar ownership structure to many RTOs. Also at a PE of 100 so there is lots of air under that one. I see it is up again today. Some analyst upgraded its price target to $200..sheesh..