|It hit the 1k target I had for it.
Posted: 3/30/2011 4:53:38 PM
The stock is selling at 40 times sales, almost 40 times forward earnings, 90 times trailing earnings, and 45 times cash etc etc.
They are pretty much a monopoly in the space, I guess they will keep having cushy margins and revenues should keep improving but I really think fair value is half or below of current price.
You positively dont run in front of a train though, the .com mania taught me that..but there are some monster multiples that will get taken down hard at some future point and BIDU is one of them.