Bitauto Is Returning To Profitability [Seeking Alpha]
BITAUTO HOLDINGS (BITA)
Last bitauto holdings earnings: 3/26 06:00 am
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US:NYSE Investor Relations:
ir.bitauto.com
Company Research
Source: Seeking Alpha
Summary Important Note I wrote this article on Saturday (8/4) night when Bitauto's stock was last traded around $32, with the intention of having it published on Sunday or Monday morning. This being my first SA article, it did not meet all the editorial guidelines so I have to make some additional edits. On Monday the stock opened up and rose through the close to $37.72. This is unexpected because Q2 earning has yet to be released and there is no other news as far as I can tell. (Bitauto did not publish the release date but I am guessing it could be Tuesday or Wednesday morning.) The point is that the risk/reward obviously has changed now and readers should be aware of this. I will try to have my articles published more timely in the future. Introduction Bitauto ( BITA ) is a Chinese internet company providing media and transaction services for the automotive industry. It operates several PC websites such as biauto.com , taoche.com and daikuan.com and t
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