0.00Open0.05Pre Close0 Volume0 Open Interest2.50Strike Price0.00Turnover6977.59%IV136.11%PremiumMay 17, 2024Expiry Date0.00Intrinsic Value100Multiplier-5DDays to Expiry0.05Time Value100Contract SizeAmericanOptions Type0.1692Delta0.3594Gamma21.60Leverage Ratio-3.5777Theta0.0000Rho3.65Eff Leverage0.0000Vega
So-young International Stock Discussion
Never Buy if can not Short
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This stock, which at the end of June had $350 million in cash and almost zero debt, now has a market cap of $500 million, minus $150 million in cash. Divide by 110 million shares, that's $1.36 per share excluding cash, and earnings last quarter were 8 cents. You don't have to be precise, the market is giving you a p/E of about 5. With such high growth, do you think it's an affordable risk? Of course, you could say that the cash would later be used to settle disputes, winding-up, etc. That's probably what the market thinks. I wanted to see if there was a chance that the market would value it below cash and post it as a classic cigar butt. Maybe not now. A dollar is a dollar. Quarterly reports are coming out on Friday.
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