re BIDU ico. I feel entirely differently than you. I don't think I can tell you anything that you don't know but view through a different lens.
Ok, can we agree on these premises?
That it has no obvious competition other than Google and that the Chinese government is not going to allow a foreign competitor to take over the BIDU role.
That China, of the major nations, has the fastest growth rate in the World and has been the least affected by the world depression.
That China is still floating in cash and that because of the world economy the country is concentrating harder on spending money at home.
That BIDU has fabulous financials.
Earnings starting in 2002:
-0.08 -0.04 0.11 0.31 1.24 3.49 4.78. An EPS growth rate of 203% which is in the top 2% of all companies.
2009 estimate of 5.77 and 2010 of 8.15.
A return on equity of 45%. No debt. A p/e of 56 which is high in this market, but it should be.
Revenue increases of 122% 103% 69% 45% in the last 4 qtrs.
Technical a nice 45 degree trendline since the Jan Feb period.
Tops in group relative strength and acc/dis.
Funds own 20% which leaves plenty of room for fund growth.
True, many stocks have doubled and if the market continues there are still many cheap stocks to purchase including some that have already doubled.
But, I don't think there are many safer bets. Some will make bigger % gains but not many have BIDU's track record and probable security.
AI
