We scour the net for great ideas, so you don't have to
Claim this username to collect earnings from this post, and the portfolio!
China already had laws enacted in 2019 that limited kids' playtime severely to 1 and half hours per day. Do you know what happened fellow retards? The streaming industry boomed. What a shocker, when kids aren't allowed to play video games, what do they do instead? They WATCH someone else play. This just gives them more time to do so, thus driving revenue and user bases for these companies.
HUYA has been getting shit-dicked on this news. They are currently trading around a lowly 15.553 P/E ratio which is incredibly low for a profitable company with over $1.63 Billion dollars in sitting cash and less than $500 million in debt. Analysts gave an estimate of -.02 for their next earnings report in November. HUYA is going to blow this estimate out of the water. Their short interest is at an incredibly high 17% and they are trading at an all-time low of $8.50 per share.
I don't know about you dumbasses, but this seems like the deal of the century. They were trading near $12 not even a month ago, which was already $20 off what they were at in February. This is like getting into Amazon on the ground floor. Don't take my word for it though, just look at what happened last time a law like this was passed. Notice HUYA's Q1 2019 revenue vs every quarter after that law was enacted.