If it was owned by a foreign govt then hell yes. I am under no illusions that the developed democracies are saints, for example my personal view of US foreign affairs is that it is primarily driven to enable the flow of US capital (pretty smart really, shame about the hypocrisy).
Don't give me the CMNC is a private company nonsense. Right and CISA is a trade association. Even if there were no direct ownership by government we all know what they (PRC govt) can do if they feel like it. Also its not just any government, but a communist one that wields power in ways that free market democracies do not normally allow.
Would the PRC government allow majority ownership in same scenario? Heck they don't even allow minority partnership in many situations, foreign ownership is tightly restricted (like many other countries).
And if you're concerned with maximising profits, do you really think 36cps is a pair price.....
LYC Price at posting:
43.9¢ Sentiment: Hold Disclosure: Held
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