$百度(BIDU)$ 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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