Anyone thinking this stock will pickup 10 or 20% is not using good logic. Nothing has changed since last quarter and the definitive truth is competition is taking market share. Robin Li was lucky when he first started BIDU. No other competitor was within sight. Chinese rushed to use Bidu. Everyone who has access is using Bidu now. Their is no indication the subscription or page view rate has increased. I also emphasize it appears that monetization has not been solved. If Robin Li avoids the question again this CC, you can be sure BIDU is going to stagnate.
This was my feelings I posted before earnings were announced. It reflects my exact feelings prior quarters also. Robin Li has reached a juncture that may be way over his head. Please note my feelings were exactly what came out in the CC. Those who believe something else just don't understand China or haven't a clue in the World.
Right.. then why did Robert Karr of Johu Capital just buy 1.4 million shares? because the stock sucks? Give me a break satish, you are a shorty and you would love for BIDU to go down but it could do what NFLX did today and you would be toast.
I'd like to answer your question now. Because he is not qualified to buy Chinese Equities. Just because he has a name doesn't mean he is good. Most of those waving the Chinese Equities Flag right now are severly underwater on their holdings. Just take a sample of the high flyers a few years ago and look where they are today. I rest my case.