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.
It hit the 1k target I had for it.
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.
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