Wednesday, October 23, 2013
ChinaCache: China Internet On The Cheap
One of the more puzzling aspects of the China Internet stock boom has been the general lack of interest in ChinaCache International (CCIH). Well until the stock recently got a major boost from limited publicity.
Anybody following the original China Internet boom back in 2010 might recall that ChinaCache had a hugely successful IPO that soared 100%. The 'Akamai of China' quickly collapsed on the fears of fraud that hit every Chinese stock for the next couple of years. The stock has now doubled in the last month; yet it still trades at industry low multiples by an extreme margin.
Read the full article at Seeking Alpha.
Disclosure: Long CCIH. Please review the disclaimer page for more details.