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AVXL...post split symbol AVXLD... Alzheimers drug ....go to Anavex FB page and do DD..
I used to be FUN and holding BIDU.. but now on sidelines, only holding AVXL.. NVIV
Let me get this straight. People are worried about BIDU spending 10 billion yuan on O2O over three years, or 3.3 billion yuan per year. That would be roughly a half billion dollars per year, right? It is a $50 billion company with $11 billion laying around in cash and only $5 billion in debt. What else should they be doing with all that cash? It's not that much money for a company this big with this much revenue and profits. And people are worried this little venture will hurt profits? LOL. I mean, are they stupid or what? Even if O2O does not make a dime, this is small foray into a very large potential market that could hardly hurt profits. They have the entire little investment in cash on hand.. The idea it won't make any money is ridiculous, anyway. Other companies are doing great with O2O over there. Why would the largest search engine in China not be able to? You know, the second largest search engine in the world? The reason the companies in this space are merging is they are scared to death they cannot compete with Baidu! Please... tell me where I'm wrong on this?
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It's down due to the announcement of the merger of the O2O companies backed by Alibaba and Tencent. It was also downgraded by Daiwa.
I added here, I see this as good news. The other two biggest internet companies in China also focusing strongly on O2O reaffirms the importance of this segment.
Does anyone know why this one is down in pre-market? China was up last night and US futures are up. Don't get me wrong, I'm short BIDU so I'm happy about it. Just wondering why.
1) National Holiday Day(s) October 1st - 7th (no trading in China)
2) Earnings release the week of Oct 26th (still good number estimates)
3) Oct options expire Oct 16th
4) Analyst can't agree on anything (downgrade then up over 7% next day)
5) CEO wants to take private (will pay a 20-40% premium to do that)
6) BIDU increased stock buy-back
7) China government stimulus
8) Non-China markets are still growing (South America)
9) short interest is only 1.98% (less than 2 days to cover)
10) Microsoft deal (along with recent other deals)
A lot of things to consider, but you have to ask with all this going on, which side of the ball do you want to be on... it's pretty clear that the up side out weighs the downside risk.
All these 'chicken-little's' are just spinning their yarn... JMO
To the moon Alice... to the moon.
Sentiment: Strong Buy