UPDATE: Sohu.com (SOHU) Pops on Citron Research Mention
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(Updated - August 24, 2012 9:57 AM EDT)
Sohu.com Inc. (Nasdaq: SOHU) sees upside after Citron Research said Qihoo's (Nasdaq: QIHU) entry into search puts SOHU "in play."
"At the level the market values SOHU today, and with today's business, it is Citron's opinion the company is worth more than 50% or more above its current share prices in the market."
Shares of SOHU are up 4.5%.
(NOTE: Citron is normally a bear on Chinese stocks)
Link
Sohu.com Inc. (Nasdaq: SOHU) sees upside after Citron Research said Qihoo's (Nasdaq: QIHU) entry into search puts SOHU "in play."
"At the level the market values SOHU today, and with today's business, it is Citron's opinion the company is worth more than 50% or more above its current share prices in the market."
Shares of SOHU are up 4.5%.
(NOTE: Citron is normally a bear on Chinese stocks)
Link
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