Greenberg: Hot Chinese Stocks Get Analyst Cold Shoulders
Tuesday, January 18th, 2011
With the post-IPO stilly punctuation today over for Youku and E-commerce China Dangdang, digit of the hottest Asiatic deals in years, analysts from the firms’ assets banks are discover with a panache of reality: Unless you’re a long-term investor, these things are expensive.
And modify then, it haw clear to feature the dustlike indicant as it relates to risks.
On Dangdang [DANG
Loading...
()
], billed as the Amazon [AMZN
Loading...
()
] of China: Piper Jaffray’s [PJC
Loading...
()
] Gene Munster, famous prizewinning for his primeval and superior call on Apple [AAPL
Loading...
()
], says the hit is fully-valued.
His 12-month target: $30. (It ..read more