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SouFun Holdings Profits UP

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tradeologist   Friday, 05/23/14 12:27:15 PM
Re: None
Post # of 200 
SouFun Holdings Profits UP

even though the China real estate market has been cooling off recently. A pull back in the real estate market is a good thing because it allows more middle class Chinese access to the housing market and deflates prices. Most SouFun customers are middle to high-middle class consumers, thus the reason why SouFun continues to do well in the current environment.

The stock price continues to be in bear territory, but well above the $10 support level.



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