Phoenix New Media Share Price Presents An Attractive Opportunity [Seeking Alpha]
Phoenix New Media Limited American Depositary Shares, each representing 48 Class A ordinary shares. (FENG)
Last phoenix new media limited american depositary shares, each representing 48 class a ordinary shares. earnings: 3/18 05:00 pm
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US:NYSE Investor Relations:
ir.ifeng.com
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Source: Seeking Alpha
Phoenix New Media Share Price Presents An Attractive Opportunity Phoenix New Media (NYSE: FENG The investment idea has nothing much to do with the operations of the company. This is a very simple special situation with an imminent catalyst. The thesis is buy $1 of cash for 50 cents. The crown jewel asset of FENG is an investment in Yidian Zixun, a leading mobile news aggregation company in China. Currently, FENG owns 37.63% of Yidian’s shares outstanding and has a seat on the board. Since the initial investment in 2014, Yidian scaled significantly and is now interested in doing an IPO in China. According to management, Yidian’s revenues reached $500M in 2018. Since China has restrictions on US entities holding stakes in Chinese public companies, the management mentioned it will try to exit the investment. On February 25th, 2019, an unknown third-party made an offer On March 22nd, 2019, the company announced that the LOI (Letter of Intent) The market cap of FENG is only US$269M and cur
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FENG
News
- Phoenix New Media Limited (NYSE: FENG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Phoenix New Media Limited (NYSE: FENG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Phoenix New Media Limited (NYSE: FENG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Phoenix New Media Limited (NYSE: FENG) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- 2024 World Cities Branding Conference convened in China's Macao [Yahoo! Finance Canada]Yahoo! Finance Canada
FENG
Sec Filings
- 11/21/24 - Form 6-K
- 11/12/24 - Form 6-K
- FENG's page on the SEC website