AdelaideFox
2022-03-03

$百度(BIDU)$ Short funds have been hyping for 90 days that BIDU would miss by a huge amount. 

They even had me convinced.

I just reasoned that any huge miss was already in the obnoxiously crushed stock price. 

They beat on revenue solidly and missed on eps slightly. 

They announced over $400 billion in assets and $130 billion in debt. 

The current market cap is $55 billion. 

$270 billion in net assets plus solid cash positive earnings. 

Very nice top line growth. 

With zero earnings they are undervalued 5x. These China stocks are insanely undervalued. 

I guess wallstreet expects a sino-American war and the stocks are frozen. 

I will take my chances. 

They won’t be frozen forever. 

Japan and USA are now partners.   

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