Baidu Primed to Short
I can't believe I'm about to make a bearish case for a stock that's expected to grow annual earnings by 52% this year and another 39% from those estimates in 2013. This is also a stock that recently reported an 81% increase in first-quarter profit of $0.87 a share while sales grew 82% to $677 million.
The stock I'm talking about is Baidu (BIDU), a big bull-market leader that broke out in heavy volume in mid-January 2010 and shot up about 250% through July 2011. But it looks like a tired stock to me -- a stock for which the risk of more downside outweighs the potential for meaningful gains....599 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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