Unfortunately, Hurricane Sandy closed the market for two days. As we returned to action today, Baidu (NASDAQ:BIDU) dropped by 6%. However, Baidu isn't sitting idly by. The company has invested heavily into other initiatives designed toward broadening and more effectively monetizing its user base, such as mobile browser, cloud services, and more. The company is at 27x its earnings but, on the other hand, it is still growing 50% each quarter. In this video, Fool.com tech and telecom analyst Andrew Tonner gives two main concerns dragging down Baidu stock.
Andrew Tonner owns shares of Apple and Baidu. Follow Andrew and all his writing on Twitter @AndrewTonner. Blake Bos has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Baidu, and Google. Motley Fool newsletter services recommend Apple, Baidu, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.