Tuesday, December 16, 2008

Goldman: buy

PT $145. Believes Baidu will grow at 30% for the next
several years, supported by the Chinese government,
which can't let Google win there. Believes company's
growth rate will exceed GDP growth because the
market is nascent.

First time ever, GS has had a buy on Baidu. The logic
seems weak though - these factors have always been
in play.

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