by winston » Wed Dec 27, 2017 8:08 am
not vested
58.com
This is the “Craigslist of China,” with two big differences.
First, 58.com Inc. WUBA is a publicly traded company. Next, it cares more about growth. There’s no shortage of that.
Sales grew 33% in the third quarter to $410 million compared with the year before, beating guidance. The company projected 25%-30% sales growth for the fourth quarter.
A lot of 58.com’s revenue comes from real estate listings. So its stock can get hit whenever the government makes noises about cooling off growth in super-hot real estate markets.
58.com is dealing with this by trying to build a presence in smaller cities where real estate markets are less vulnerable to the sharp price gains that attract government attention.
It’s a play on the migration of more consumers online, and the increase in consumption as China’s middle class grows, says Thomson at T. Rowe Price, who cites this as one of his favorite China stocks.
Source: Market Watch
It's all about "how much you made when you were right" & "how little you lost when you were wrong"