Warren Buffett famously told investors to be “fearful when others are greedy, and greedy when others are fearful.” Dedicated followers of that mantra would probably dismiss Chinese online media giant SINA (NASDAQ:SINA) — which rallied 120% over the past 12 months to a six-year high — as a “greedy” play.
However, a stock also generally hits new highs because the company has thoroughly impressed investors. In SINA’s case, it’s because the tech giant has beaten both top and bottom line estimates for ten consecutive quarters — and could continue doing so for the foreseeable future. Therefore, I believe that it makes sense to “get greedy” with SINA today, before more investors fully understand its growth potential.
SINA’s English portal. Image source: Author’s screenshot.
What does SINA do?
SINA is oneof China’s biggest internet portals. Its network includes dozens of news channels for sports, finance, entertainment, travel, fashion, and other topics — in both desktop and mobile formats.
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