Which of These 7 Stocks Could Be the Next Baidu?
Rougemont submits:
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Which China-based stock could be the next Baidu (BIDU) in terms of returns? This is a tough question to answer. To try and find some possible answers, it makes sense to consider some of the following points. Baidu and other Chinese stocks like Focus Media (FMCN) and 51Job (JOBS) weren't always so well respected on Wall Street.
When I first bought BIDU shares years ago for about $6.70 per share the shares traded at a relatively low PE ratio and the shares were knocked around severely by analysts for every concern one could imagine, especially after they reported earnings. Meanwhile Google (GOOG) shares were favored by analysts and for some time BIDU shares did not get the respect they deserved. That has all changed now, and BIDU shares have exploded upward, now trading for over 50 times earnings while GOOG shares trade for less than 20 times earnings.
JOBS trades
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