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.
I agree long term. Short term though earnings estimates are coming down and China is in some kind of recession. This probably is a great time to get in for the next 5 years but I'm looking for a lot lower entry (and closing of my short). I do believe in the long term story but I'm making a lot money shorting. A 20 PE is about right for a company with declining earnings estimates but also good longer term prospects. That drops it to around 100-110.
Sentiment: Strong Sell
But Baidu is regulated and censored by the Chinese government like Yandex is in Russia. Neither search engine will be able to compete very well outside of their own protected borders. They may gain a little traction here and there where there is backlash against the big boy Google but in my opinion it would be a waist of time and resources for them to try to compete against Google.
What do you want it to do? Go down or up?
Does someone want to tell that author that the 3 PE for 2016 number he's using is wrong? Any idiot would know to check the currency exchange. You got to multiply by .16 so it's a PE of about 20 and those earnings per share estimates have been dropping like a brick. Right now they have about 27pe x 2015 and who know's what their earnings are really going to be. In the last 90 days they've gone from 6.87 to 5.3 and that's this year's estimates. Yes, I'm short. Looking for 110.
Sentiment: Strong Sell
I assume it's more about the outlook than the results of this quarter which are pretty much hard wired in since it's about production not sales in this quarter.
Anyone have a feel for how lower oil prices effect this TSLA? SUV's are selling better than they have in a long time. I'm guessing Tessla's are not as hot as they were a year ago.
They kept guidance in line. Even with this huge beat. They play the expectation game really well. I bet analysts up the estimates anyway.
Sounds like you already had a few hits. They missed and guided lower. Just like thetadecay said. This one is going to test the recent low of 180 and I'm betting down to 175 or so with a chance for the bottom to drop out to 150
OK. Thanks. I was expecting them to release a good before the CC so analysts could ask informed questions. At least 30mins prior?
I'm short with puts and worried about the Chinese government intervening too. But, BIDU really shouldn't do that for future $billions of reasons. If BIDU wants to be successful long term they have to instill confidence first in their accounting. If they cook the books then they are opening themselves up for countless lawsuits and legal problems. They are listed on our market exchange and if they get crooked cause of their government then all Chinese stocks will find it difficult to raise money here.
I'm looking for a 140 open. that's the target of the confirmed head and shoulder formation.
Wong dude. It was an increase of 36% not 36% short. It was last recorded as 1.9%. See key statistics here.