40 Million Reasons to Buy Baidu Today
Looking for a reason to buy Baidu today? In the video below, Fool contributor Kevin Chen fills you in on why Baidu is his top stock pick for April.
In the recent past, threats from competitor Qihoo 360 , China's slowing economy, and the economics of mobile have driven Baidu shares down. It seems like the company and its stock price may not recover anytime soon; not only does the company hover around its 52-week low, but it's been that way for several weeks now!
The reality is that, on a P/E basis, this is perhaps the best opportunity investors have had to buy Baidu in years.
In the video below, Kevin addresses why Qihoo's growth may be slowing, and also examines overblown economic fears. Most importantly, he explains why "40 million" is the reason investors should be bullish on Baidu. Click the video to hear more about Baidu's promising long-term future.
Even if you think Baidu's competitive and economic threats are serious hurdles, there may still be an opportunity in Baidu. In our brand-new premium report, The Motley Fool team breaks down the dominant Chinese search provider's strengths and weaknesses. Just click here to access it now.
The article 40 Million Reasons to Buy Baidu Today originally appeared on Fool.com.Fool contributor Kevin Chen owns shares of Baidu. The Motley Fool recommends Baidu. The Motley Fool owns shares of Baidu. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.