Trend: Chinese Stocks Delisting
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 September 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
Sina Corp becomes the latest China-based business to go private. Amazon announces Prime Day and UPS gets an upgrade, but do either portend good things for the holiday retail season? Emily Flippen analyzes those topics and explains why investor shouldn’t rely on any single metric, including (especially?) the PEG Ratio.
Transcript
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| 0:00.0 | It's Monday, September 28th. |
| 0:04.0 | Welcome to Market Foolry. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | The one and only, Emily Flipping. |
| 0:09.0 | Thanks for being here. |
| 0:10.0 | Thanks for having me on, Chris. |
| 0:12.0 | We are going to talk about the holiday retail landscape |
| 0:16.0 | because it's getting closer and we are starting to get more data. |
| 0:20.0 | We are going to talk about the peg ratio |
| 0:22.0 | because we never talk about the peg ratio because we never talk about the peg ratio, |
| 0:25.2 | but we are going to start with one less public company. |
| 0:29.6 | Cine Corp, which is the online media company based in China, is being taken private by Charles |
| 0:35.7 | Chow, who is the chairman and CEO. |
| 0:39.2 | The deal is being valued around $2.5 billion dollars. |
| 0:43.8 | Shares have seen a corp up about 6%, not quite at the buyout price. |
| 0:49.3 | But getting there and all indications are that, the normal approvals will have to kick into place |
| 0:56.1 | but this seems like a deal that's going to get done. What was your reaction when you saw |
| 1:01.5 | this news? I was surprised because out of all the Chinese companies that I thought could be taken private or otherwise be delisted, move elsewhere, |
| 1:12.0 | Cina wouldn't have been the first one. be delisted move elsewhere. |
| 1:12.6 | Cina wouldn't have been the first one |
| 1:15.2 | that I would have assumed bit the bullet. |
| 1:17.3 | But thinking about it more, I'm not as surprised. |
... |
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