SOHU - Sohu.Com: Not Acting In Best Interest Of Shareholders--Return Cash NOW!
- Sohu's $100m buyback is inadequate and not in the best interest of the company or its shareholders.
- Sohu's market value trades at less than half its cash assets and the company is a net-net by a wide margin.
- Management's current cash utilization plan puts Sohu's cash position at risk of being squandered over time.
- Therefore, management should either substantially increase Sohu's buyback program or initiate a Dutch tender to unlock immediate, realizable value for its shareholders.
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Sohu.Com: Not Acting In Best Interest Of Shareholders--Return Cash NOW!