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SOHU - Sohu: Privatization Is The Better Option For Both Sides
Sohu.com Limited
Investment Thesis
Sohu (SOHU) reported Q2 results for 2019, leading to a 26% drop on Monday, Aug 5th. Overall, we are passive on SOHU's future business growth. However, given the low share price and sizable cash position, we do expect a privatization deal to come, which may present some room for share price appreciation.
Disastrous Q2 Earnings Results for SOHU
SOHU released their Q2 earnings on Aug 5th. Here are some of the key highlights:
Total revenues for the second quarter of 2019 were US$475 million, down 2% year-over-year