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:GOOGL) 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.
Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Baidu, Facebook, and Google and has the following options: long JAN 2014 $20.00 calls on Facebook. Motley Fool newsletter services recommend Baidu, Facebook, 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.