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1 Automotive Portal In China Feb.28.17 Summary Autohome is significantly more profitable than close competitor Bitauto. Car ownership in China is still low compared to developed countries and is expected to increase. Expect an improvement in margins and free cash flow as the company strengthens its position. With markets at all-time highs, it is becoming increasingly difficult to find undervalued companies. One has to look around the world to identify great opportunities. I believe that Autohome (NYSE: ATHM ) is one of them, as it's a well managed business, with high returns on invested capital, strong competitive advantages and low valuation compared to potential future cash flows. So let's examine the business in detail. Autohome is the leading automotive portal in China. The company operates two websites: Autohome.com.cn (new cars) and Che168.com (used cars).
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extradition in Silk Road case World News | Tue Feb 28, 2017 | 9:47am EST Irishman loses appeal against U.S. extradition in Silk Road case DUBLIN An Irishman accused of helping run the Silk Road underground website lost an appeal on Tuesday against extradition to the United States to face charges relating to more than $200 million worth of alleged anonymous online drug sales. Silk Road operated for more than two years, allowing users to buy drugs and other illicit goods using the digital currency bitcoin. U.S. authorities have accused Gary Davis, 28, of conspiracy to distribute narcotics, conspiracy to commit computer hacking and conspiracy to commit money laundering. He might face life in prison if is found guilty of the narcotics charge. Ireland's Court of Appeal said it was alleged that Davis, who was not obliged to make a plea as part of the extradition hearing, earned $1,500 a week for his services on Silk Road. Lawyers for Davis had argued that the judge who ordered his extradition last year made a mistake in deciding that mental health conditions including Asperger's syndrome, depression and anxiety did not give rise to a real risk of a violation of his rights under Irish and European law. The three-judge appeal court said on Tuesday it agreed with the extradition judge's decision that U.S. authorities would act to protect
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