In today’s post:
🎁 9% Drop Is A Gift
🎁 9% Drop Is A Gift
Baidu $BIDU ( ▼ 0.97% ) fell 9% on Tuesday, and the internet immediately filed it under "China's Google is finished."
But there's a more interesting question sitting underneath the selloff. Is a company trading at 11.3x earnings, with a business unit growing 283%, a value trap or the most mispriced large-cap in Chinese tech?
Come and go through the evidence with me.
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