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QD - Qudian Stock: Risky Bet On A Great Balance Sheet
Qudian Inc. American Depositary Shares each representing one Class A
Qudian is currently trading at 80% below its book value and has a PE ratio of 1.3.
However, the CEO owns over 75% of the voting rights and does not seem to be willing to payout the book value via a cash dividend or share buybacks.
The company's terrible track record makes me worried that the company will mismanage its assets and possibly not return any money to its shareholders.
Investors have to pray for a change of heart of the CEO regarding the use of the company's cash, a rebound of the core business, or an unexpected success of Wanlimu kid's club, Qudian's latest business venture.