Seeking Alpha

Morgan Stanley thinks valuation too rich on Dangdang

  • Morgan Stanley downgrades Dangdang (DANG) to Hold from Buy on a valuation call.
  • Analysts with the firm note Dangdang's forward 12-month price-to-sales ratio is around 0.8, traipsing above the normal historical range of 0.3-0.6.
  • The company posted Q2 earnings yesterday.
Comments (1)
  • Haha, DANG had one of their best quarters!
    DANG more then doubled after their PT of 6,50 in may 2013.

     

    They're partially right though, I'm holding as we head in the best quarters for this sector.
    16 Aug 2013, 08:49 AM Reply Like
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