Just sold 8 Baidu (ticker: BIDU) shares June 18, 2007Posted by deminvest in Baidu, BIDU, BIDU Baidu, China stock, growth stock, investment, my free stock, nasdaq, Nasdaq stock, risky investments, Single stocks, stock I own, stocks.
I sold them because BIDU went up 40% in four months, which my target.
- Feb 19, 2007 I bough 10 Baidu (BIDU) shares. I paid $105 per share. I spent a total of $1050.
- today I sold 8 BIDU shares at $ 147.51 per share. I made a total sum of $1180.
- I still own 2 Baidu shares. They are worth $295.02 now. I got them for free and I plan to hold forever (if I will not have to sell them because I fall in poverty!).
Those 2 BIDU shares could go a long way… Or fall like rotten apples from their tree!
Baidu is a wonderful Internet company. Maybe perfect knowledge of Chinese navigators can allow Baidu to continue defeating Google’s superior technology. Maybe Google will end up prevailing on Chinese market, using Chinese people’s ability to use English and their great desire to know the entire World.
If Baidu wins the price for its shareholders will be great.
Now BIDU has P/E: 111.56, and Forward P/E 48.87. It is expensive now, but it is worth it if it can keep its amazing growth rate:
Qtrly Revenue Growth (yoy):103.30%
Qtrly Earnings Growth (yoy):142.60%
I do consider Google a better bargain than Baidu at these prices, but I may be wrong and I like to still have those 2 Baidu shares to make wrong but happy 🙂