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Registered Jul 29, 2011
tr6's most recent comments:
- On Fri, 22 May 2015, 12:16pm PDT
Does QE cause inflation, or not?,
control point says
Demand causes inflation.
or lack of supply (rental housing inventory, small beef herd), or legislated higher prices (drug companies able to raise prices without negotiation).
- On Thu, 21 May 2015, 1:05am PDT
I'm liquidating all my stocks and going to cash,
Logan Mohtashami says
My Folks are selling their place now for 2 million. There next door neighbors sold their homes for 2.5 and 2.6 million cash Chinese buyers in less than a week
This must be the precursor to devaluation of yuan. All the other major BRICs already devalued. First it was India, then Russia, then Brazil this year. C is left. So even of the Chinese lose 20-25% on the house prices in 2017, they might lose more in yuan devaluation.
Any opinions on this? Do you hear any of mainland Chinese say that their currency is overvalued?
- On Tue, 19 May 2015, 8:29am PDT
So their valuation is only 15 times sales. Not that high relative to public companies. Probably very high if you break out their revenue by product vs service. I would guess that their service revenue is 40% so it would put more than 20 sales multiple on the product revenue. This company better grow fast.
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