DDL Dingdong (Cayman) Limited (ADS, NYSE) Loading... : Investor Sentiment and Bull/Bear Views
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16:18
Sep 14
Sep 14
Cash from sale exceeds market cap, capital returns
Dingdong agreed to sell its China business to Meituan for $717m in cash and can pull an additional $280m out of the China sub, totaling $997m cash against a market cap of roughly $505m. Shareholders have voted for the deal and management stated 90% of proceeds will be used for capital returns, implying 97% upside on gross proceeds or 77% after taxes and transaction costs. The author attributes the wide spread to Chinese stocks being disliked and ignored, creating an under-the-radar opportunity. Main risk is deal/tax/transaction cost erosion of the return.
HIGH
16:16
Sep 14
Sep 14
Cash from sale exceeds market cap, capital returns
Dingdong agreed to sell its China business to Meituan for $717m in cash and can pull an additional $280m out of the China sub, totaling $997m cash against a market cap of roughly $505m. Shareholders have voted for the deal and management stated 90% of proceeds will be used for capital returns, implying 97% upside on gross proceeds or 77% after taxes and transaction costs. The author attributes the wide spread to Chinese stocks being disliked and ignored, creating an under-the-radar opportunity. Main risk is deal/tax/transaction cost erosion of the return.
HIGH
About DDL Investor Commentary
Across the available history and selected sources, Buzzberg tracks DDL (Dingdong (Cayman) Limited (ADS, NYSE)) across 2 sources: 2 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 2 total trade ideas tracked. Past 7 days, before deduplication: 2 bullish. Latest voices: u/ShowMeTheIncentives.