Is Baidu The Best Chinese Company To Invest In?

Baidu Inc (ADR) BIDU is scheduled to report its fourth quarter results on Wednesday after market close. Analysts are expecting the company to earn $10.05 per share on revenue of $14.13 billion. Ahead of the company's earnings report, Thomas Carr, aka Dr. Stoxx, told Benzinga that if he were to invest money anywhere in China, it's going to be in Baidu. "Shares are cheap relative to its expected growth rate of 38 percent, and the company has no real competition," Carr said in an interview. "The Chinese are adding over 100 million new Internet users ever year, all of whom are going to use Baidu." Carr also told Benzinga that he believes that Baidu is the "stock of the decade."
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Posted In: Analyst ColorAnalyst RatingsTrading IdeasBaiduChinaDr StoxxThomas Carr
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