qihu01 12.11 M shares, market capitalization is $3B, revenues we

Re: My Take on Chinese New Issue QIHU     27-May-11 08:42 am    

that was a great post. I did research on this issue the past week. The sponsors (co-managed underwriters) for this IPO were UBS and Citi. The deal was placed at 14-15, and after the initial pop to 36's this stock is languishing in the mid 20's. The market capitalization is $3B, revenues were 20M this Q. The P/E is over 300. If, and only "if" revenues continue to grow sunstantially, this stock couls/should move up. The significant growth is already priced into the stock, with lofty expectations. Any slip up, or non-blow out and you will see what happened earlier this week. No wiggle room. I discount the upgardes from UBS and Citi. Lead underwriters NEVER start coverage with anythinmg less than a buy with upside target. If you place any merit in these upgrades your a fool. Good luck, I also see short interest is 3 Million, and probably going up.. May 31 updated short interest will be reported on NASDAQ. stockie Rating :  (1 Rating) Rate it:

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