$BIDU
Added 2024-09-09 12:58:19 +0000 UTC$BIDU is still in its descending wedge and back down to retest the bottom trend line again, which it has done 7 times since April 2023.
$BIDU is finding it difficult to catch a reversal catalyst, in spite of its strong fundamentals, not missing on earnings since 2015 and having enough equity to buy its entire company back off the market if it wanted to
For these reasons I am sticking with $BIDU, as I did with $BABA when it was in the buy zone.
I think $BIDU management need to be progressive here and start taking action, there is too much stored value here that is not rewarding share holders and they need to address this.
Acquiring, Share Buybacks, Dividend and even adding debt to buy more stock makes a lot of sense here at these multiples, $BABA was aware of this and did take action and it helped move things forward.
