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Technology Stocks : Baidu (BIDU)
BIDU 123.82+2.8%Dec 19 9:30 AM EST

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To: manalagi who wrote (1560)8/8/2011 9:39:41 PM
From: manalagi  Read Replies (1) of 2098
 
Well, well what do you know? On a day like today S&P upgraded Baidu to Strong Buy (5 STARS):

S&P UPGRADES ADSS OF BAIDU TO STRONG BUY FROM BUY
(Standard & Poor's)

BIDU has fallen 20% from a recent high set less than 2 weeks ago, and we now see it as a compelling value. BIDU is the online search leader in China, which has more Internet users than any other country. We think BIDU has not only added to its search market share, but also to related technologies and offerings that are driving greater opportunities, growth and margins. We calculate that BIDU's P/E-to-growth ratio is 0.86X, well below peers. We also believe its significant growth is less imperiled by economic concerns centered on the U.S. and Europe. Our target price is $200.
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