Seeking Alpha

Credit Suisse is becoming even more bearish on Baidu (BIDU +0.9%), lowering its PT to $80 from...

Credit Suisse is becoming even more bearish on Baidu (BIDU +0.9%), lowering its PT to $80 from $82 while reiterating an Underperform. The firm is worried Baidu will use the proceeds from its $1.5B debt offering to embark on a "costly and risky" M&A strategy. It views security software vendor/Qihoo rival Kingsoft, mobile browser developer UCWeb (already the subject of M&A rumors), and even Sina Weibo as possible targets. Qihoo (QIHU +5.3%) is making new 52-week highs today. (October downgrade)
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5787) | Send Message
     
    (BIDU) is a buy.

     

    Price/sales = 0.54
    forward PE = 12
    31 Dec 2012, 09:49 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs