Baidu’s Stock Is on Sale. Should You Buy?
Most stocks, no matter how well they perform, eventually hit a rough patch that can serve as an excellent entry point for opportunistic investors. That may be the situation Baidu (NASDAQ: BIDU) currently finds itself in.
Between the U.S.-China trade war and a decelerating economy, the internet tech giant has been feeling the pressure from multiple angles. As a result, Baidu's shares are down by about 50.7% from a year ago. Further, Baidu's valuation is down as well, trading at just 7.90 times past and 15.57 times future earnings.
With these facts and figures in mind, is now a good time to pull the trigger on a Baidu stock investment?
Source Fool.com
