Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese financial services company Noah Holdings
So what: The only news of note about Noah today is a blog post calling it a fast-growing Chinese small-cap stock. But even that event is a stretch, as Noah is simply listed alongside well-known analyst estimates and no analysis whatsoever.
Now what: Noah could also be on the positive end of some spontaneous trading today, taking the edge off a terrible month: As of Friday night, the stock had fallen by 39% in 30 days. It's still no value stock, mind you, commanding a hefty price-to-sales ratio north of 12, about 10 times what you'll see in American versions of the same wealth management model.
Interested in more info on Noah Holdings? Add it to your watchlist.
