Andy Yeung (Oppenheimer analyst who dropped coverage of NQ) is Cheetah Mobile CFO

[tacitusk]

http://video.cnbc.com/gallery/?video=3000273420&__source=yahoo%7cheadline%7cquote%7cvideo%7c&par=yahoo

http://investing.businessweek.com/research/stocks/private/person.asp?personId=84011346&privcapId=253748612&previousCapId=253748612&previousTitle=Cheetah%20Mobile%20Inc.

Oppenheimer was also part of the group that took NQ to IPO.

[Moondog]

Conspiracy ?

[Mountainbiker]

Thanks for the info.......more money to be made by being running the company and coompensation in terms of shares. That's how capitalism works.

[js253]

It's a good job, and the guy took it, it's as simple as that.

CMCM is now down $2 from day's high, will probably break IPO price later today. 18 times trailing 12 month revenue is just a stupid valuation(wonder who bought in on that price), especially since NQ is trading at 3 times. The fair # is probably somewhere in between, but a lot closer to 3 than 18(say 6-8 times). Unfortunately, you can't short IPO right away, otherwise, short CMCM, long NQ would be a good pair trade.

[Mountainbiker]

It's a good job, and the guy took it, it's as simple as that. CMCM is now down $2 from day's high, will probably break IPO price later today. 18 times trailing 12 month revenue is just a stupid valuation(wonder who bought in on that price), especially since NQ is trading at 3 times. The fair # is probably somewhere in between, but a lot closer to 3 than 18(say 6-8 times). Unfortunately, you can't short IPO right away, otherwise, short CMCM, long NQ would be a good pair trade.

Now that is a good "pair trade"....bravo....

[vs8]

It's a good job, and the guy took it, it's as simple as that. CMCM is now down $2 from day's high, will probably break IPO price later today. 18 times trailing 12 month revenue is just a stupid valuation(wonder who bought in on that price), especially since NQ is trading at 3 times. The fair # is probably somewhere in between, but a lot closer to 3 than 18(say 6-8 times). Unfortunately, you can't short IPO right away, otherwise, short CMCM, long NQ would be a good pair trade.

How did you get 18X PE?

[AlphaMine]

It's a good job, and the guy took it, it's as simple as that. CMCM is now down $2 from day's high, will probably break IPO price later today. 18 times trailing 12 month revenue is just a stupid valuation(wonder who bought in on that price), especially since NQ is trading at 3 times. The fair # is probably somewhere in between, but a lot closer to 3 than 18(say 6-8 times). Unfortunately, you can't short IPO right away, otherwise, short CMCM, long NQ would be a good pair trade.

How did you get 18X PE?

He said 18 x REVENUE which is substantially different from 18 x EARNINGS.  Not sure if that helps at all.