Thursday, October 23, 2008

Citi positive

Citi Investment Research analyst Jason Brueschke
expects a strong finish to the year for the Beijing-based
company. He rates the stock "Buy." "Baidu (revenues) are
wholly domestic and derived from an extremely broad
customer base, offering investors a highly diversified and
hence less risky (revenue) stream," he wrote in a note to
investors.That said, he added Baidu is a pure advertising
company, and its revenue is correlated with the health of
the underlying Chinese economy -- which is slowing.

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