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Baidu: A Train Heading for Derailment? |
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| May 04, 2008 06:16 AM UTC |
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Tracked Blogger
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Via Short Stock Ideas from Seeking Alpha:
Baidu's (BIDU) valuation is reminiscent of the era circa 2000, just before the dotcom bubble popped.<!--more--> Do you recall analyst Henry Blodget’s (of Merrill Lynch fame) bold Yahoo (YHOO) price target of $425 when YHOO shares were near the $300 mark? It turned out to be a disastrous call, as YHOO’s share price subsequently plummeted by more than 95% to the $10 area.
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