Its simple maths. Over 1.3b people, and the President wants everyone to play football, so they will, and these are cheap(er) priced shoes. Plus I mean its what, under 3 times earnings????!!!!
My math sees over 10 Chinese companies (anyone have the #?) and all of them are pretty well dogs. I don't know if this is any different. I think they are in a vicious spiral of negative sentiment to all things Chinese...as well as the cash problem
XPD Price at posting:
13.0¢ Sentiment: None Disclosure: Held