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Kyle Ferguson
Kyle Ferguson
Articles (522)  | Author's Website |

Contrarian Defensive Investor Steve Romick Purchases Stake in Baidu

Baidu is China's most used website

July 18, 2016 | About:

Contrarian defensive investor Steve Romick purchased a stake in Baidu Inc. ADR (NASDAQ:BIDU) during the second quarter of 290,466 shares. The purchase had a 0.52% impact on Romick’s portfolio.

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Baidu Inc. was incorporated in Jan. 18, 2000. The company is a Chinese language internet search provider which focuses its business on search products, social products, location-based products and services, music products, PC client software and mobile-related products and services. Baidu is currently ranked as the 16th most globally searched website.

Baidu Inc. has a market cap of $56.72 billion, a P/E ratio of 11.25, an enterprise value of $51.12 billion and a P/B ratio of 4.49.

Romick may have seen some attractive aspects of Baidu:

  • Baidu's P/B ratio is close to its 10-year low at 4.04.
  • Baidu's P/S ratio is close to its 10-year low at 4.79.
  • GuruFocus gives Baidu a Peter Lynch fair value of $365.31.
  • Baidu has also reported strong financial statements in multiple areas over the recent five years. It has increased its revenue by an average rate of 52.9%, EBITDA by 50.8%, operating Income by 22.9%, EPS without NRI by 47.10%, free cash flow by 25.80% and book value by 56%.
  • Baidu is the No. 1 site in China in terms of traffic.

Below is a Peter Lynch Chart for Baidu.

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Disclosure: I do not own any shares of this company.

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About the author:

Kyle Ferguson
Kyle Ferguson is an investor, author of The Christian Bubble, and he is a world-renowned human and animal rights activist, and the co-founder of The Light Movement. He is outspoken, fearless, and relentless. Kyle lives in Ontario, Canada and he is dedicated to making the world a better place with love and light.

Visit Kyle Ferguson's Website


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