The $300 level for Baidu’s (BIDU) may not mean much. But, it is a symbol of how far the shares have come in a short time. They closed above $300 for the first time on September 24 on their way to over $359.
Now, after yesterday’s sell off, Wall St. is dumping on the Chinese search engine. This morning Credit Suisse called the shares "underperform" and expressed concern about Q4 guidance. Baidu is barely holding $300 before the open.
Baidu started the year at $130. In may seem inconceivable that the shares could return there. But, trading at close to 70x revenue, it could happen more easily than many investors think.
Douglas A. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.
