Shares of Baidu (NASDAQ:BIDU) are hovering just below their 52-week high a day after the company reported some impressive numbers. According to Motley Fool analyst Matthew Argersinger, what was most impressive was the company's dedication to reinvesting in itself. One indicator of this was that while revenue was up 42%, profits were only up 1%; a large part of that was due to Baidu putting its money toward its new mobile applications. But many U.S. investors are still hesitant about investing in Chinese stocks, which may dissuade some from putting their faith in Baidu. But Matt believes that although the risks of investing in China are greater than investing in the U.S., Baidu may be worth it.
Fool contributor Mark Reeth has no position in any stocks mentioned. Matthew Argersinger has no position in any stocks mentioned. The Motley Fool recommends Baidu. The Motley Fool owns shares of Baidu. 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.
