No. of Recommendations: 2
Given market conditions and valuations in China they should forget the split, prioritize getting back to $10eps plus, maximise free cash flow and share buybacks.
I agree, I'd rather see this happen than see the split go forward eventually owning 6 different companies, some of which will may not trade on a major US stock market.
I've been holding on, thinking the stock seems a great value given the price and the rebound in earnings and cash flow, growing shareholder's equity, etc ... but the uncertainty weighing over the Chinese economy, the Chinese regulatory environment, the US regulatory environment, and the announced breakup of the company ... it's a lot.
I admit to entertaining the thought of selling some or all of my holding ...
