The once $140+ high flying Sina Corp., has pulled back from its highs as Facebook (FB) looks to enter the public market. While previously Facebook has been banned from Chinese websites, it is foreseeable that China will reconsider after the company becomes public, invest able and possibly more regulated. Sina distributes news information and also runs a program similar to Twitter for people of Chinese descent.
Sina regularly reports after hours, but tends to keep people on their toes as they have reported as early has 4:30pm, but as late as 5:30pm in some instances. Growth of this company has continued to slow and rapidly decrease. Analysts are expecting a loss of $0.23 on revenue of $102.5 Million. Sina is in a “Fast Zone” with a large hole down to about $45. This is a highly volatile position and could move very quickly at a moments notice. In order to get a boost in stock price, it is conceivable that Sina will need to come in at EPS between ($0.10) to $0.05 per share and revenue greater than $106 Million. If they can also raise guidance for the next few quarters then this would be extremely positive.
The bottom line however is that there is a lot of negative sentiment and the growth of this company is waning.
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