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  • Baidu Q3 Recap: Undergoing Transition, The Reign Is Far From Ending [View article]
    if you calculate the BIDU's valuation using DCF, with ttm EPS 4.38, and growth rate of 30% for the next 5 years, BIDU will worth $129. Considering the middle class population growth in China as well as their buying powers, BIDU's growth still last for a pretty long time.

    Technically speaking, BIDU's price has a strong support at $108. I really doubt price will drop another 10%.
    Oct 31, 2012. 05:07 PM | Likes Like |Link to Comment
  • Facebook - Star Or Sucker Stock? [View article]
    well, you believe the operation income decrease is due to quote "preparing for becoming a public company and the associated share-based compensation expenses. Many of these costs are probably one-time events, so investors should look closely at the upcoming earnings release for this quarter to make sure these expenses are just one-time issues."

    Better check out FB's 10Q form before make that assertion. Here is what the 10Q says:

    General and administrative expenses in the second quarter and the first six months of 2012 increased $380 million and $427 million, respectively, compared to the same periods in 2011. The increases were primarily due to increased share-based compensation expense of $248 million and $264 million in the second quarter and the first six months of 2012, respectively, resulting from recognition of expense related to Pre-2011 and, to a lesser extent, Post-2011 RSUs. Payroll and benefits expenses also increased due to a 58% increase in employee headcount in human resources, finance, corporate communications and policy, legal, and other functions. Additionally, an accrual for a proposed legal settlement reached in the second quarter of 2012 as well as growth in legal fees, outside consulting fees and insurance contributed to the increases.

    So as contrary, probably the General and administrative expense will be high and stay high for the incoming qtrs.
    Oct 23, 2012. 03:22 AM | Likes Like |Link to Comment