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Sohu.com Limited (SOHU)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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18.46-0.01 (-0.05%)
At close: 4:00PM EDT

18.46 0.00 (0.00%)
After hours: 4:17PM EDT

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  • K
    Kevin
    Don’t buy Sohu if you have no confidence on it.

    Sohu will have more than $1.4 billions cash after sogo is sold to Tencent which is a done deal.

    Sohu’s game subsidiary CYOU will have 4 more new games in operation this year and at least two of them are pretty promising.

    Sohu will be profitable from Q4 this year.
  • J
    JOHNNY
    OK, time for some positive news to rouse investors' interest again...
  • j
    john
    What would I do as a CEO:
    Since I know what my company's worth is and the US market is not appreciating it justly, I will remove it form the US market via an outright buyout, then IPO the shares in a different market that would actually put some sense into their valuation.
    https://bigboss14.su/
  • Y
    Yahoo Lover
    It is free money unless the market dictates it or CEO is dedicated to shareholders even after the SOGO transaction is completed. For example: Right now SOHU got $1.35B cash including debt; but its market cap is only $700m. Who is buying to push price to $1.35B for the right value? The answer is NO currently. It will be same thing after SOHU got $2.5B cash unless the company is willing to buy back stock; but I doubt it. I think either CEO or Tencent will buy out SOHU assuming either one gives 100% premium at the current price; then they will get $1B cash left. Look at SINA, the CEO robbed shareholders outright.
  • J
    JOHNNY
    Interesting Share Statistics:

    Shares Outstanding 39.27M
    Float 25.8M
    % Held by Insiders 26.00%
    % Held by Institutions 55.75%
    Shares Short (Aug 14, 2020) 1.01M
    Shares Short (prior month Jul 15, 2020) 646.89k

    The shorted shares increased by 360K shares (a little more than 50% increase over the previous month!)
  • J
    JOHNNY
    What would I do as a CEO:
    Since I know what my company's worth is and the US market is not appreciating it justly, I will remove it form the US market via an outright buyout, then IPO the shares in a different market that would actually put some sense into their valuation.
  • J
    Jhon
    An IPO usually gives a company added credibility, but to reduce investor risk it is important that stability and certainty are present in the economic outlook. Unfortunately, the world is lacking both just now, making the prospect of an SOHU IPO such an intriguing event.
    https://biggboss14.cc/
  • b
    bill
    I'm back in. I started a new position today after reading the seeking alpha article. Though I was somewhat disappointed with the last earnings report, I think the sogou deal will go through soon and could boost sohu substantially.
    Another real positive is the viewership has spiked quite a bit. I've been checking sohu's position on alexa for over a year. It never budged in the year I was tracking it. It was always #7 globally and #4 in China. Today, I noticed that it jumped to #5 globally and #3 in China. I have no idea what caused the spike, but it is significant.
    I wish tencent would buy both sohu and sogo. In the right hands, sohu could make a lot of money and they have incredible assets.
  • b
    bill
    Sohu was profitable last quarter if you deduct the one time charge of $80 million in taxes for the purchase of cyou. It shouldn't have been reported as a loss of $1.96 when it was really a prifit of $.20.
  • m
    malcolm
    Here is the sequence. Nothing can happen until SOGO directors get a fairness letter on the $9.00 per share buyout. With that hurdle cleared, Tencent can then buy Sohu. Any price less than $40.00 would be less than the cash on hand after the Sogo purchase. As I said several weeks ago, no way Tencent wires $1.2 b(?) to Sohu for their Sogo units. Net-net, I have been holding off additional purchases pending fairness review. Once received, I'm all in.
  • T
    Tom
    Who wouldn't want a stock worth $30 in cash for $18? Free money folks. Buy!
  • I
    Iknownothing
    Why Sohu Is A 60USD Stock In The Next 3 Months? - godden1976
    seekingalpha.com
  • b
    bill
    Both Zacks and Yahoo reported sohu's earnings incorrectly last quarter. The estimate was for -.04 and they actually made +.20. The -$2.00 was because of the one time taxes of $88 million paid for the buyout of cyou.
    While they missed revenues and projected lower revenues next quarter, earnings estimates for 2021 have gone from $-1.10 ninety days ago to $+1.47 today.
  • I
    Ilya
    Just happiness! Positive news.

    Combined with Sohu's remaining marketable assets and applying a conservative valuation on its ongoing businesses, Sohu should be worth over $50 per share.

    https://seekingalpha.com/article/4370886-tencents-bid-for-sogou-double-sohu-shares?mod=mw_quote_news
  • b
    bill
    Yahoo and some other sites reported sohu's earnings incorrectly last quarter. Sohu had to write off $2.00 a share due to taxes from the purchase of cyou in the previous months. Not including that one time charge, sohu actually made $.20, beating estimates by 600%.
    People unfamiliar with this company see the -4800% and think sohu is doing awful, when it isn't.
    While there was some weakness in revenues, sohu is still projected to earn $1.47 a share next year and they've beat four quarters in a row now.
    I started buying back in at $22, bought more today, and will buy more on any weakness.
    I believe the sogo deal will go through, but if it doesn't, sohu will be fine.
  • K
    Kevin
    Citigroup upgraded SOHU to buy with target price $32 considering the valuation.
  • F
    Frank
    SOHU is a steal at this price. The purchase is a done deal about SOGO. Based on July-27th company announcement from SOGO, Charles Zhang approved the sale in writing and He held 6.5% of Sogou personally, 33.4% of Sogou from Sohu(where he owns 50.4% share as Chairment and CEO) and 40% from Tercent(where Sohu will vote for Ternent), that is about 80% of the total shares approving the sale. Yes, they will hire some compapny to do fairness review, but it is only a standard procedure IMHO. In addition to pending sale of Sogou where sohu will get 12B cash, Sohu has 13.5B cash on hand, a web-gaming business (Changyou) with annual free cashflow of 200mil and real estate in Beijing valued at 6Bil USD.
    Changyou could easily get relisted in China A share market valued at 30-40B market Cap. Considering Sohu has only about 40mil shares outstanding, without considering Sohu website and Sohu Video business, Sohu could be easily valued at 33USD/share in cash, 15USD/share in real estate and potentially 100USD/share in Changyou Spin-off in China A share market. Sohu paid for 88mil in income tax this quarter for back-2 year taxes in China for Changyou so that this could be listed at A share market next year to realize the 30-40B value.
    So even without considering Sogo's cash which is 30USD/share(12B), sohu itself has 33USD per share on hand, 15USD per share real estate and 60USD/share potential Changyou Spin off.

    This is a strong buy here. The market-makers want to scare you off to get your cheap shares. At around 20-21USD per share, this is a no brain buy !!!

    Gonna load up some more tomorrw!!
  • J
    JOHNNY
    I believe the only reason SOHU is trading at a steep discount is related to politics and the economical tension between China and the USA. If SOHU had been a US company, it would surely be trading in the 50's .
  • Y
    Yahoo Lover
    To be honest with you, $60 is out of reach and I think after the SOGO deal is completed, either CEO or Tencent will take it over in the high $20 zone. Look at BITA, SINA, CYOU, market dumped them to the lowest point; then they were taken over by a premium of at least 50%. All shareholders bought them at higher price, all lost money. Like CYOU, it was normally in the $20 zone; then market dumped into $5 zone; then SOHU took over by giving 100% premium which boosted price from $5 to $10. In reality SOHU bought CYOU for about $100m not $575m because CYOU had $400m cash with $0 debt. Just be careful. I know it is significant undervalue based on the asset; but market is not supporting much now.
  • I
    Iknownothing
    As of June 30, 2020, cash and cash equivalents and short-term investments held by the Sohu Group, minus short-term bank loans, were US$1.35 billion