Not a shareholder, but the price has come so low that even if it goes to zero(which is unlikely)that I might just buy some. I know all about the VIE risk, delisting risk, geopolitics etc., but even then the price rn is worth the uncertainty.
I was going through their quarterly earnings and something that I do not understand is that their income has gone down by 86% this quarter because of an impairment of goodwill relating to their Digital Media and Entertainment group. I understand that this is a non-cash expense, however management did not provide any further details regarding this in the earnings release or earnings call. I am interested because it means that the asset which has been impaired has lost significant or all its future earning power, which affects future cash flows. If someone could provide some insight into which asset this was and why this asset's goodwill had to be impaired, it would be helpful.
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