Ag Bank of China IPO: bull case, bear case

Business week: Summary Box: China’s AgBank IPO nabs $19.2 billion. Wiki; Official web site of Ag Bank China’s (ABC, 中国农业银行股份有限公司). (source: ForeignHR) Bear case Ag bank of China primarily serves the less-developed regions and people in China: the rural areas, the villages, the farmers and peasants, the agriculture related business. Since the founding of People’s […]

Mr. Market turned face

Some signs of the stock market is cracking: 1) The leaders such as Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), Berkshire Hathaway (NYSE: BRK.A, BRK.B) are retreating. 2) CIC is thinking about buying equities again, Renaissance Technologies is one option (last time CIC pulled trigger, it bought Blackstone pre-IPO at top). 3) Goldman Sach is selling. […]

Rosetta Stone, learning foreign language

First saw Rosetta Stone at the mall couple years ago (the kiosk). More recently saw its Ads on the TV. Today comes a monumental day for the company (bloomberg news, IPOHome, Yahoo Finance), the IPO (as old Warren says IPO stands for its probably overpriced). Fun and emotion aside, I think this language thing may […]

WuXi Pharma WX continues to drop

WuXi Pharma Tech (NYSE:WX) continued to slide, during my absence. One (main) concern is heavy insider selling (source: seekingalpha) lately, after the secondary offering was suspended on May 4. I double checked the F1 filings for secondary offering (principal and selling shareholders), and found its CEO Dr. Ge Li was going to sell 8 million […]