Disclosure: I am long NQ.
NQ Mobile (NQ) is a rapidly growing global mobile platform company (2013 revenue growth over 100% y/y) trading at an ultra-depressed valuation. NQ closed at $10.98 on July 19, 2013. My price target is $44.00. I know that such a large gap between NQ's current trading level and my price target will be met with skepticism. Frankly, I was skeptical too as I was performing my due diligence and analysis.
I first wrote about NQ on Seeking Alpha in November 2012, when the share price was just over $5.00. Since then, I have spent several days at both NQ's U.S. headquarters in Dallas and NQ's China headquarters in Beijing. I have had over 60 conference calls and exchanged over 600 emails with various members of NQ's management team. I located ex-employees of NQ and some of NQ's current distributors in China (without the assistance or knowledge of NQ) and met in-person in China with several of these people to cross check information. I have also met in-person with the management teams of NationSky, FL Mobile and Yidatong. I have gained strong conviction in the strength of NQ's business and the path forward. [Read on here]
As usual, very thorough..
