You may all remember I suggested Shanda Interactive (SNDA) as a possible value buy in Chinese Internet space.
The stock visited all time lows in after hours last night as there was a conference call scare, BUT after many encouraging bits of information and the conclusion that the new free to play revenue model is turning into a highly successful revenue stream the stock is up +10% today.
Just thought some of you might want to take a look at my old thread, or simply check out the conference call and the financials.
Let me know if anyone is curious, there is the potential for a short squeeze to 16-17 and the stock has the potential to revisit 20's, and perhaps regain all time highs if the next few quarters are similarly encouraging as Dungeons and Dragons, Archlord, and new casual games are introduced to EZ Pod, the initiative that is bundled with HP computers in the region.
Conference Call:
http://chinastockblog.com/article/10835