China Sports has a huge Rmb854m cash hoard and a cash /share of 18 cts. It has been profitable every yr ( though declining ) but it’s GM is improving which may be a turning point?
It started a share buy back but fizzled out quickly ( last done at 7.3 cts in July ). Now that the share price is 5.4 cts, isn’t it a no brainer to resume this ? In fact they can buy back all the shares and still have plenty of cash left hahah. Or is the share buy back mandate just for show? Website
chinasportsintl.com/
