A Huffalump did his business here...: Baidu’s wild rollercoaster ride

Wednesday, September 27, 2006

Baidu’s wild rollercoaster ride

Investor’s in Baidu.com, Inc. (BIDU) have been taken on wild ride since the stock debuted in early August, 2005. In the little over a year since Baidu launched its IPO, the stock has seen a high of over $120, a drop to mid $40’s and a recovery to current levels over $90. I’ve written in 2005 that Baidu was severely overvalued, especially with the company’s lack of earnings and operating history. Baidu’s outstanding recovery from mid $40’s levels begs a re-analysis of the stock.

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