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I just sold 45 Netease (NTES) @ 24.89. Why did I? May 14, 2008

Posted by deminvest in China stock, growth stock, Internet stocks, investment, nasdaq, Nasdaq stock, NTES netease.com, Single stocks, stock I own, stocks.
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Netease is a great company:

  1. NTES has honest P/E ratio: Trailing P/E:18.38, forecasted to get even better: Forward P/E (full year 31-Dec-09): 17.45
  2. Netease enjoys nice growth: Quarterly Revenue Growth (yoy):7.60%, Quarterly Earnings Growth (yoy):21.70%
  3. NTES has a plenty of cash $596M, about 25% of its $3B market cap
  4. Netease will come out next week with earnings that are expected to be nice.

Then why did I sell such a nice stock?

  1. Because it hit my 40% target,
  2. Because I want back my invested $1066 that I spent in September 2006 when I bought 60  Netease shares at $ 17.77 each (more…)

(NTES): should I invest on Chinese internet growth stock Netease.com? September 20, 2006

Posted by deminvest in growth stock, Internet stocks, investment, NTES netease.com, Single stocks, stock I own, stocks.
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Chinese Internet Users Wall Street has its wonders. Netease.com is one:

  • growing fast
  • booming dot com in Chinese exploding internet market,
  • low P/E around 16,
  • coffers full of cash.

 

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