iQIYI, Inc.Long
Bullish IQ , online video streaming in china
IQ has been drowned and punished for a light q2 june earning report.
seasonally/historically q2 has been the lightest quarter for past 3 years.
the best quarters are toward the winter holidays.
Current valuation is very attractive low PE, low price to sales.
Balance sheet has some debt, so its not excessively cheap in the balance sheet. its all about the earnings growth potential.
This year forward earnings is expected to be .24 cents, which is fantastic for a once 2.00 stock recently. 5 year potential eps is over 1.00, so for me this is a keep for long time.
Hard to say what a growing online streamer could be worth when bullishness kicks in and future growth starts to be anticipated. 20 pe? 30 pe? one can never predict this. All we control is buying value when we get a lot of weight for money paid.
RISKs- continued deflation in china, more competition. Currency devaluation and geopolitics still a major cloud. Yuan is rising now, but if real estate remains a burden, currency devaluation and increased stimulus might hurt the currency and total net returns to foreign investors.
Not advice for you, but I like the stock for me. Stands out on my ranking sheets.
seasonally/historically q2 has been the lightest quarter for past 3 years.
the best quarters are toward the winter holidays.
Current valuation is very attractive low PE, low price to sales.
Balance sheet has some debt, so its not excessively cheap in the balance sheet. its all about the earnings growth potential.
This year forward earnings is expected to be .24 cents, which is fantastic for a once 2.00 stock recently. 5 year potential eps is over 1.00, so for me this is a keep for long time.
Hard to say what a growing online streamer could be worth when bullishness kicks in and future growth starts to be anticipated. 20 pe? 30 pe? one can never predict this. All we control is buying value when we get a lot of weight for money paid.
RISKs- continued deflation in china, more competition. Currency devaluation and geopolitics still a major cloud. Yuan is rising now, but if real estate remains a burden, currency devaluation and increased stimulus might hurt the currency and total net returns to foreign investors.
Not advice for you, but I like the stock for me. Stands out on my ranking sheets.
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