will be 22.4! I think sohu deserves a higher multiple than this. Yahoo's pe is like 85 over the same time span, so I think a pe of 30 is not unreasonable and that would make the price 37.5.
All this stuff about low p/e is irrelevant. If the accounting numbers are fiction, then any p/e based on fiction is still fiction.
Longs ask yourself this, even during the height of the dot.com bubble did any ISPs, webpages, retailers, anybody report net margins of over 40%. When I see margins that high, I do not say "great job" I say "scam" and "pity the fool" who believes those numbers.
I love the Chinese economy and its potential, and have owned Chinese ADRs, but I am shorting this because I think it is your standard fraud.
For the literate among you, the latest South Sea Bubble, for the older investors, the latest ZZZ Best.
Well if you are an investigator in the SEC, I might believe you. But otherwise unless if you have some credible proof for what you claim to be fraudulent numbers, please keep those frivolous comments to yourself.
Unfortunately - today, all stocks have to be
"RED" except for a few like "NTAP" the untouchable for to day.
Hopefully, the Chinese Internet Cos. will release a "Analyst negative spin PROOF" report.
I think today is a concerted effort to bring the market down to the Market Makers'knees, with the blessing of the News Media and other financial power houses.
Billions are lost when weak investors sell and billions are made by the powerful few.
This market is very frustrating but in this part of our world, if you want to invest -beware, if you want to short -beware
Overall, Mr. Rashtchy lowered his estimates for 2004, based on the SMS revenue growth rate and Sohu.com's own first-quarter guidance, which was for slight earnings and revenue growth. He now sees earnings of $1.25 a share on revenue of $118.6 million, off from his previous estimate of $1.40 a share on revenue of $ 130 million.