Sina (SINA -7.9%) dips despite beating Q3 estimates, as its net profit swings to a loss due to...

This news story has 1 comment:

Register or Login to rate comments »

MCGUINJA Comments (13)
 
Sina's Margin has dropped to 56% due to increase costs from regulatory pressures forcing them to hire more employees to regulate their Weibo network, although their margin has dropped it should be noted that their top line has in fact increased 20% y/y coming in at $130.3 million. It is the heavy write-downs however that caused the bears to rally. Thus I ask, what were these write-downs for? If repayment of debt & balance sheet restructuring are the reasons then I feel inclined to Buy SINA based on market over-reaction, however, if the write-downs are of any other context then I welcome the bears to humbly come into market. ..Further insight also welcome
9 Nov 2011, 01:19 PM Reply Like