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Like many other Chinese ADRs, Ctrip.com (CTRP) has had a rough year, and that leads Charlie Zhou...

Like many other Chinese ADRs, Ctrip.com (CTRP) has had a rough year, and that leads Charlie Zhou to see a buying opportunity. Among his arguments: CEO Min Fan recently bought $2M worth of shares; Ctrip's valuation is reasonable after taking into account its growth rate and net cash; and Ctrip's size relative to rival travel sites allows it to receive preferential treatment from its hotel partners.
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