China Watch
Another strong performance from China overnight. Its now regained the 20EMA and starting to turn bullish. Some more follow through this week and we can get a lot more constructive on China and even the rest of the world.
Qihoo 360: Extreme Value Or Value Trap?
SummaryQihoo 360 easily surpassed analyst estimates for Q414.
The Chinese Internet stock continues to trade at a
compelling valuation forecast by one analyst at roughly 9x 2016 EPS
estimates.
The quarterly report did nothing to alleviate concerns that leave the stock in the value trap position.
After the close on Monday, Chinese technology company Qihoo 360 Technology (NYSE:QIHU)
reported Q4 results that generally smashed analyst estimates. While the
top line growth rate was phenomenal, the lingering issues that sent the
stock plunging from over $120 to below $50 in the last year probably
weren't resolved.
Read the full article at Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
Read the full article at Seeking Alpha.
Disclosure: No position mentioned. Please review the disclaimer page for more details.
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