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SINA - SINA Trading Below The Value Of Its Assets Is A Rare Opportunity For Value Investors
Sina Corporation
Sina Corp. (SINA) has had a rough 14 months after peaking above $122 last March 2018. After trade tensions escalated on May 5, 2019, as the US lifted tariff rates for $200 billion of Chinese imports to 25%, the selloff in SINA shares quickened as the stock dropped by over 22% in just two weeks to $49.10. Baidu's (BIDU) disappointing Q2 forecast after reporting a Q1 2019 loss further helped bears push SINA to new 52-week lows. Value investors, however, should eye the recent panic in SINA shares as a