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  • Is Sohu.com Overvalued? [View article]
    Ho Rob: Yes it is a good thing you are/were long SOHU. I stand by my assessment that SOHU is overvalued; but that does not amount to much in the face of the momentum push it has received.

    The earnings numbers were better than I expected, and that is a credit to the diversification of SOHU into gaming. If SOHU did not have the gaming revenue increase of nearly $12M, then the quarter would have been a disastor. Again, this is to the credit of SOHU. However, the gaming market in China is very fickle, and there is no guarantee that SOHU will continue to bolster it's overall revenue with gaming revenues.

    But, alas, SOHU has proven me wrong this quarter. Although, even those who are big believers in SOHU, must be looking at the current run-up in valuation, and asking the same question I posed - "Is SOHU.com Overvalued?"

    GL
    Oct 30 15:11 pm |Rating: 0 0 |Link to Comment
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