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Baidu, Inc. Message Board

  • bruceoren bruceoren Oct 9, 2012 8:57 AM Flag

    Laughable CS downgrade

    $83 target for Credit Suisse? Really? That would bring the PEG down below 0.50 for a company growing its bottom line at better than a 60% yoy clip. Forward PE would fall well below S&P's average of 15. What are Credit Suisse's analysts using for their computer model, the Magic 8-Ball?

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    • Downgrades such as this should be seen for what they are. An attempt to bring a stock price down based on nothing and for the purpose of buying in at a lower price. Each time this has happened the share price has rebounded nicely as it will this time. This downgrade is based on nothing and when earnings come out that are on target and guidance is strong these analyst will be no where to be found. Every time Baidu has reached a technical point when it was going to breakout to the upside they have slammed it with a downgrade. Don't tell me this wasn't all planned and communicated between the companies involved.

 
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