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Stock impact report

ATA Inc. Is Likely Overvalued After The Recent Asset Sale [Seeking Alpha]

ATAI Life Sciences N.V. - Common Shares (ATAI) 
US:NASDAQ Investor Relations: ir.atai.net.cn
Company Research Source: Seeking Alpha
Summary Summary Following the sale of the profitable main operating business, ATA shareholders become owners of the remaining businesses that consistently incur losses. As this trend is likely to continue in the following years, the shares shall trade at a discount to the net cash value. Currently, the shares are pumped up to over 3 times the optimistic estimation of the net cash value of $0.57/share by day traders. The traders may not follow the company closely enough to understand that its only profitable business segment has been sold. I believe that similar to China Digital TV ( OTCPK:STVVY ), ATA will eventually trade at a discount to its net cash value of up to $0.57 per share, which represents over 74% downside from the current price. (Source: Morningstar) Sale of ATA Online ATA listed on the Nasdaq exchange in 2008. Its ATA Online segment creates professional tests for CPAs in China and various industry qualifications such as commercial banking an Show less Read more
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