Baidu From The Stock Masters

From The Stock Masters

Baidu.com (BIDU) starting the day off with three downgrades from UBS, Citigroup, and Brean Murray. If you haven’t heard Baidu.com is the equivalent of Google.com in China, as explained the majority of analysts "in the know". Whatever, again with the China, China, China talk. What’s scary about playing this stock is Wall Street’s incredible expectations for growth. Yesterday BIDU posted a 5-fold jump in quarterly profits, beating estimates, on rapid growth of customers, but forecast first-quarter sales that fell short of expectations – BIDU only expects $34 to $35M (and I use the term "only" biting my hand like Lenny & Squiggy). UBS analyst George Chu cut his rating on BIDU to "Reduce" from "Neutral" with a price target of $99. He raised the possibility of BIDU losing market share, as Google Inc. gains in the region, although he noted that currently Google seems to be growing at Yahoo expense. Shares of BIDU are down 11% today to around $102 a share. It could be worse, you could a member of Lenny and the Squigtones (this picture is a must see), oh where are they now?

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