Bought SINA Corp
Two days ago, I added SINA Corp to the model portfolio at Junto Investments and wrote an analysis and valuation of the company:
It’s a long read, so TL;DR: I perceive intrinsic value to be at least $10-15 per share higher than the current price per share based on conservative assumptions and so I “bought” this Monday at an average price of $38.80. Personally, I own stock in the company at an average price of about $7 higher.
If you decide to read it, let me know what you think and whether you agree/disagree on certain points.
I invest and write about it at Junto Investments.
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