Sina: Trading at Value With Upside Potential

New Finance submits:

I covered Sina (SINA) last week prior to their earnings release because I think they are an intriguing play on the Chinese social media sector. When earnings were released, I expected Sina to beat big. I was wrong, and the stock took a hit on softer guidance. However, the stock recovered and has now gotten back to where it was prior to earnings. This has become a pattern for Sina following earnings releases over the last year and a half. So, the important question to ask is, where do they go from here?

In this article I will briefly cover the earnings release for Sina Corp and then go into my valuation for the stock. I believe they have been beaten down by analyst ratings cuts and are now at around fair value; this discounted value is rare in the Chinese internet sector and may represent enough of a reason


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