The theory of NetDragon (ND) is that the market valuation is wrong!
That is a big statement to make and I think I may just be correct.
Their gaming segment would have account for their current valuation and we can treat the whole education segment as an option/margin of safety.
With gaming poised to earn RMB 2,000m (HKD 2,314) in 2020. ND is selling at 4.…