![]() Xunlei is a Chinese company which is under followed and under covered in the US, in part because there isn't much English language info available to help investors understand the company and its operations. Much of what I said in the second article is still true in general, though the specific numbers need today's refresh. Today, at the request of several readers, I'd like to quickly update my stance on the company. The stock subsequently fell over 90%, which was a sharp enough plunge that by August of 2022 I felt that it had fallen too far and so I rated it a strong buy based on its profitability and cash position. ![]() I first started covering Xunlei ( NASDAQ: XNET) in November of 2017 when the stock was trading at $24.05 and I deemed it a short that would " soon reverse".
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