“…shares of the Chinese search leader haven’t been able to hold their ground due to a very weak overall stock market. Consequently, the stock has fallen back to about $190 per share. In my opinion, this pullback has opened the door to an interesting trading opportunity…
Analysts all seem to agree that the growth in Baidu isn’t done. The internet and paid search markets both remain very young. Credit card penetration and advertising are both expanding and gaining momentum throughout the company. As credit card penetration increases, the eCommerce market stands to begin developing throughout China — a market that has become a very large user of paid search platforms in the United States. According to the company’s management, it only reaches 1% of the addressable market at present — clearly indicating the potential for continued or even accelerating growth…”
See the entire article at http://www.bloggingstocks.com/2007/08/14/time-to-pick-up-baidu-bidu/
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