SmartMoney.com: Sina Analysis

From SmartMoney.com: Sina the Times

"Piper Jaffray analyst Safa Rashtchy ... "Sina remains one of our top picks as we believe the company's brand, reach, and strong management are highly valuable and yet underleveraged assets," wrote Rashtchy in a Jan. 7 report on Chinese Internet companies."

"How expensive are Sina's shares? They trade at 24 times fiscal 2005 earnings, about half the average P/E for Internet companies. And Sina is projected by analysts to boost its profits by a stunning 40% annually over the next five years. Even discounting that growth rate to a more conservative 30% produces a PEG ratio of well under 1.0. The S&P 500's PEG is about 1.6."Read more