Introduction: The is the first in an ongoing series of research pieces examining Baidu’s (BIDU-NASDAQ) business and share price. The goal of our research is to understand the future direction of BIDU’s share price relative to its peers and the NASDAQ composite. The main criteria that will determine the future share price of BIDU we believe is: 1) Anticipating the EPS over the next few quarters and 2) Recognizing a change in value on a sum-of-the-parts basis Sum-of-the parts valuation works best – The primary driver to Baidu’s EPS and stock price is its search service operating margin. This division has […]
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