While we still dont know the future of China and all its risks, these bargain stocks keep tempting us investors who follow valuations. IQ (iqiyi) is a online video streamer subscription model and also offers a live streaming platform in china. Used to be a part of Baidu, but is no publicly traded on its own. "iQIYI is currently one of the largest online video sites in the world, with nearly 6 billion hours spent on its service each month and over 500 million monthly active users."
The stock has some debt, but is generating healthy casfhlow and earnings now, sporting a low PE. Cheap is good, but growing is better, which IQ is. 20% plus growth rate is attractive isnt it. However, stock has been clobbered as investors have chosen fear and to protect their capital.
I dont know the future and dont know what will happen with China geopoliltics or economy near term, but will keep an eye on this one and may consider risk managed trades when opportune.
The stock has some debt, but is generating healthy casfhlow and earnings now, sporting a low PE. Cheap is good, but growing is better, which IQ is. 20% plus growth rate is attractive isnt it. However, stock has been clobbered as investors have chosen fear and to protect their capital.
I dont know the future and dont know what will happen with China geopoliltics or economy near term, but will keep an eye on this one and may consider risk managed trades when opportune.