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Baidu: No Google Threat

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Google CEO confirmed the company wasn't planning on entering the Chinese search market.
Oddly, Baidu ended down on the day despite this bullish news.
The stock trades at only 13.5x '20 EPS estimates despite double the growth rate.
Baidu (BIDU) remains one of the more perplexing stocks in the market. Despite a blooming Chinese internet sector, the market always has an excuse for avoiding the stock. My long-term investment thesis hasn't changed, and the stock only becomes a better bargain on every dip.
Read the full article on Seeking Alpha. 
12/17 Update 
The Intercept is reporting that Google has shut down the secret China project due to employee pressure and regulator questions. The news is very bullish for Baidu now trading below $175.
The stock is now down an incredible $110 due to fears related to Google shifting to global trade wars. Baidu is an incredible bargain as internet usage in China remains in the growth phase. The stock remains one of the best ways to play for a rebound in the market and China in general next year. 
Disclosure: Long BIDU. Please review the disclaimer page for more details. 
 

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