November 23, 2022 SEONews
Baidu: My Number One China Stock To Buy Now (NASDAQ:BIDU) – Seeking Alpha
Summary
- Baidu’s stock had an epic decline of 80% from its top in early 2021.
- However, the stock has underperformed due to negative news flow, the economic slowdown, and other transitory factors.
- Baidu remains a top internet company in China with significant growth prospects and substantial profitability potential.
- Moreover, Baidu’s stock is dirt cheap right now at about nine times forward earnings estimates.
- As uncertainties fade and sentiment improves, Baidu’s stock price should go significantly higher in future years.
- This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »
Baidu (NASDAQ:BIDU), also known as China’s Google, is one of the world’s most underappreciated and undervalued companies. Can you believe that China’s leading search engine provider with numerous promising businesses under its umbrella has a market cap of only $32 billion? Yes, it’s true. Baidu’s stock has crashed over the last two years due to…
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source: https://news.oneseocompany.com/2022/11/23/baidu-my-number-one-china-stock-to-buy-now-nasdaqbidu-seeking-alpha_2022112336346.html
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