DiDi Global (NYSE: DIDI), China's largest ride hailing company, went public five months ago at $14 per share. Today, it trades at less than $8. Its decline was caused by an abrupt government crackdown shortly after its public debut. However, some contrarian investors might still consider DiDi a deep value play at just over one times this year's sales.
After all, Uber (NYSE: UBER) -- which sold its Chinese business to DiDi five years ago -- trades at four times this year's sales. But will DiDi's regulatory challenges ever end? Or is this battered stock doomed to be delisted?
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Source Fool.com