SouFun Holdings: More Pain For Now But Still Worth Considering Over Long Term
whatstock2investin • Fri, Oct. 10
- Cheap at P/E of 14. Fundamentals strong and competitive advantages remain the same.
- Invest if you have the stomach for the expected price drops. Cool down in China's Real Estate will NOT have significant impact to SFUN business model in the long run.
- Loss of agency customers will truly hurt at about more than 40% of their sales but the platform they have built will still be relevant in the far future.