Look at the address of this ambulance chaser: San Diego, capital of class action chaser. This is a fishing expedition since the law firm is asking for any info. Baidu has a lot of cash and that is a juicy target for legal complaints whether justified or otherwise.
OTO some good news of a BUY rating for the Baidu:
Baidu Inc. (BIDU): Today's Featured Internet Winner
By TheStreet Wire    10/04/11 - 04:20 PM EDT
The internet industry closed the day up 2.5%. Travelzoo Inc ( TZOO), VirnetX ( VHC), Jiayuan.com International Ltd ADR ( DATE), and SciQuest Inc ( SQI) were all winners today within the internet industry with Baidu Inc ( BIDU) being today's featured internet winner. Baidu Inc rose $4.34 (4.1%) to $109.50 on average volume. Throughout the day, 11.2 million shares of Baidu Inc exchanged hands as compared to its average daily volume of 9.9 million shares.
Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Baidu Inc has a market cap of $37.3 billion and is part of the technology sector. The company has a P/E ratio of 69.9, above the average internet industry P/E ratio of 33.7 and above the S&P 500 P/E ratio of 17.7. Shares are up 8.9% year to date as of the close of trading on Monday.
TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
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