QD - Qudian: The Best Outcome For Shareholders Is Liquidation Of The Company
2024-04-03 00:42:49 ET
Summary
- Qudian is a company that is constantly trying to find itself and reinvent itself, almost every year.
- The CEO is currently organizing a new business since the previous attempt to enter the last-mile delivery market did not work out.
- There is $1.2 billion stuck on the balance sheet of the company, but the shareholders cannot access it as the CEO holds more than 80% of voting power.
- In my opinion, the best outcome for the shareholders would be if the CEO liquidated the company, sold all assets, and distributed the available cash to shareholders.
Qudian Inc. ( QD ) defines itself as a "consumer-oriented technology company. The company historically focused on providing credit solutions to consumers. Qudian is exploring innovative logistics services to satisfy consumers’ demand for e-commerce transactions by leveraging its technology capabilities."...
Qudian: The Best Outcome For Shareholders Is Liquidation Of The Company