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.
NTES’s price is so cheap that Netease.com is buying its own stocks on a large buyback plan, which is very unusual for Internet companies.
But what does Netease.com do? You are welcome to find out yourself on their website… Not easy right? They are so centered on Chinese market, that they don’t even have a page in English.
From what I could understand, NTES is like a Chinese Yahoo (never mind yesterday’s fall of Yahoo stock price). It has a portal, webmail, ecommerce services and stuff like that.
I basically like company numbers, cash and growth:
Trailing P/E: 16.55 good
Forward P/E:13.78 even better
Qtrly Revenue Growth (yoy):40.70% lovely
Qtrly Earnings Growth (yoy):29.40% nice isn’t it?
Well if you like those figure, also look at 0 debt and
Total Cash: 454.60M which is a lot if we relate it to the market cap of netease.com: 2.17B
This means that if I’ll buy NTES, I am also getting a share of this cash, which will probably be used to buy stock of the company itself, making its stock rise.
BUY, SELL, KEEP 
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