Over the past few months, Baidu (BIDU-NASDAQ) saw its stock price plunge from over $270 to under $230 before climbing above $240 yesterday. Following better than expected Q3 results but a less than stellar Q4 guidance, some institutional investors have reduced their positions as the likelihood of a material earnings beat continuing from the disposal of the delivery business was lower than expected for some. We believe given the pull-pack in the stock and the recent increase in buying, we believe now is a good time to re-enter the stock. The guided revenue for Q4 2017 accounts for the spinoff of its food […]
Daily Archives: Tuesday, December 19, 2017 12:59am
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