Baidu (NASDAQ: BIDU ) shares are down 26% year to date, against a more-than-10% rise in the S&P. So what are investors so scared of? Is it slowing Chinese growth? The rise of Qihoo 360 (NYSE: QIHU ) ? Or perhaps the same worries over a fumbled "transition to mobile" that recently dogged Google (NASDAQ: GOOG ) and Facebook (NASDAQ: FB ) ?
Actually, it's all of these -- and as Fool contributor Rich Smith explains, none of them change the fact that Baidu is a dirt-cheap dream stock.
Regardless of your short-term view on the Chinese economy, there may be opportunity in Baidu (aka the "Chinese Google"). Our brand-new premium report breaks down the dominant Chinese search provider's strengths and weaknesses. Just click here to access it now.