For all those still not aware of Baidu (part of our domain parking stock index), in an article published today by Investors Business Daily they reviewed the company:
“China’s search leader has relegated Google to a distant No. 2 in the world’s most populous nation. In the U.S., Baidu translates into “hot stock” — or at least it should. The company’s U.S. stock has been No. 1 on IBD’s weekly IBD 100 list of top stocks every week since Aug. 27. From April to November, the stock quadrupled. That’s what happens when you dominate the market with the biggest upside; China has by far the most people — and just 12% of them are online. Talk about growth potential. Many other Chinese tech firms traded in the U.S. are in the same boat, but not like Baidu. In early December, it became the first Chinese company added to the popular Nasdaq 100 index. The company has said it plans to enter the e-commerce field; it’s also entering Japan. Since 2004, its annual per-share profit has been 11 cents, 31 cents and $1.24. It’s expected to end 2007 at $2.30, and analysts forecast $4.07 for 2008.”