I'd hoped this isn't true, but tipped off via a post on the Google message boards, it seems that traders are bidding up shares Baidu (NASD: BIDU) this morning on the nation Google plans to buy them out with the $4 Billion they're rasing in their secondary offering. This rumor is purely whimsical fantasy, considering how expensive shares in Baidu are. That traders are bidding up BIDU this morning on such tenuous conjecture speaks volumes about the return of manic speculation in American markets.
UPDATE: It appears traders have ceded the gains, but it still seems that the pre-market jump in shares of Baidu were due to Google takeover speculation.
We have a lot of respect for Carl and if we had a bit more cash in the coffers, we'd hire him and have him come write for us.
But we'd have to beat some sense into him, first.
Carl Futia, Ph.D of CarlFutia.com fame has a 6 month price target of $270 a share for Baidu.com (BIDU).
No way it's gonna happen.
The only thing you'll see Baidu.com do in that time period is shed more than half its IPO market cap.
The stock trades at more than 1,500 X 2005 earnings and we're talking about a company that did less than 2 million in net income last year.
Yes, its a hot Net play in an emerging market, but the bulls will come to light and realize they're paying for pennies with crisp dollar bills.
Catablast! Media Group has a table-pounding SELL rec on BIDU.
If you own it, get out now.
If you're yelling "China, China," it is time for a reality fix.
The stock will be at 60$ inside of 4-5 weeks, if not sooner.
If Google were to buy them, you could see a short lived pop in the stock price, but there's no way, even with all their damn money (2.8 billion in the bank), Google would overextend themselves and pay much more than book value for the company.
Heck, there's even talk that GOOG will take out privately owned Skype! with the money they're generating quarter after quarter.
On that note, we're demoting Baidu to UnderPerform/Sell.
Posted by: Catablast! Media Group | August 19, 2005 at 01:01 PM
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ティンバーランド集英社（東京都千代田区）が隔週で発行する漫画雑誌「グランドジャンプ」に連載中の料理漫画「ダシマスター」に登場する背景や食材などの絵の中に、ウェブサイト上の写真画像に類似したものがあることが分かった。現在事実関係の確認を進めており、今月２１日発売の第３号から、当面の間、同作品を休載する。
ティンバーランドグランドジャンプは「ビジネスジャンプ」と「スーパージャンプ」を統合し、１１月１６日に創刊されたばかり。ダシマスターは平成２１年９月にビジネスジャンプで連載を開始。６巻まで単行本が発売され、累計発行部数は１５万６千部。
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