Citron report Marvel Tiger 360 Management's nature "questionable"

Absrtact: Qihoo 360 stock price Tuesday stock price trend (Tencent Science and Technology map) Beijing Time November 16 news, according to foreign media reports, American research company Citron Study (hereinafter referred to as Citron) Tuesday release report, Marvel Tiger 360 (NYSE Securities Code: QIHU) The nature of management

Qihoo 360 share price trend in Tuesday (Tencent Science and Technology match map)

Beijing Time November 16 news, according to foreign media reports, the U.S. research company Citron (hereinafter referred to as "Citron") Tuesday released a report, Marvel Tiger 360 (NYSE Securities Code: QIHU) Management of the nature of "questionable." Citron also pointed out in the report that analysts are "very stupid" about how to make a valuation of Qihoo 360.

"Qihoo 360 's current effort is more like a mirror in the hall than a roadmap to the future," Citron said in a report. "Investors should be very cautious about investing in a company that has a market value of $ billions of trillion," he said.

Citron in the report also pointed out that the company is currently looking at the empty Qihoo 360, to see more Sina and Sohu.

Qihoo 360 's share price rose 0.87 in the NYSE's regular trading in Tuesday, or 4.47%, at $20.34. In the past 52 weeks, Qihoo 360 's lowest share price was 14.30 U.S. dollars, with a maximum of 36.21 dollars.

The following is the full text of the Citron report:

For those who have read the first part of the Citron 360 study, it may be found that we have compared Qihoo 360 as a company operating Web 1.0 business with the Skye Network (NASDAQ: MOBI), but this has been misunderstood by the market. From Qihoo 360 's retort, we have come to the conclusion that Qihoo 360 is not the same as the Skye network, and may be more like China's high-speed channel (mediaexpress).

In the second part of our report on Qihoo 360, we intend to emphasize the analyst's "idiotic comments" and the company's management history. But all of these are just episodes of our research, so please read the report carefully.

There is no doubt that Qihoo 360 does get involved in the free antivirus software business, but the company's remaining business seems to be merely an illusion of contempt for any third-party validation. Or Qihoo 360 has the magic pill, which is unknown to Citron and the main competitor of China's internet industry, or that Qihoo 360 is cheating.

Qihoo 360 The current business model has a lot of frightening overlap with China's high-speed channel. Citron advises investors and analysts-especially those who openly claim that "Citron does not understand"-to read the report with openness.