Baidu: Delisting Fears Overplayed
Baidu faces a delisting risk due to the HFCA Act where U.S. regulators want access to Chinese audits. The company has 2 more years to meet audit requirements. The stock is exceptionally cheap at only 9x forward EBITDA estimates due to a massive cash balance. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » Over the last month, the Chinese stocks have traded in a wild fashion due to fears the shares will be delisted from U.S. stock exchanges. The risks to Baidu ( NASDAQ: BIDU ) appear far over stated. My investment thesis remains very Bullish on the Chinese tech stock leading in autonomous vehicle technology, but Baidu definitely faces a volatile few years. Read the full article on Seeking Alpha. Disclosure: Long BIDU. Please see the disclosure page for more details. Update - Apr. 29 Big AV news for Baidu. The stock just isn't valued for this division. Baidu ( NAS...