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CMCM - Cheetah Mobile: A Binary Outcome At Fair Value
Cheetah Mobile Inc. American Depositary Shares each representing 10 Class
I believe Cheetah Mobile (CMCM) is a highly speculative bet. It's a Chinese tech stock that has recently fallen out of favor with investors. Unfortunately, fraud allegations have caused headaches for shareholders and have even harmed CMCM's financials. Still, it's undeniable that CMCM now trades at an exceedingly cheap valuation. For context, it's trading well below its cash reserves and book value. However, despite its seemingly low price, I think that most investors should pass up on CMCM because its controversies and substantial risks aren't worth it.