$BIDU New position in Baidu

Our latest position, voted on in our January meeting, is in Baidu (BIDU).  We entered the position on Wednesday at a price of $127.73 after commissions.

According to Yahoo Finance,

Baidu, Inc. provides Internet search services. The company offers a Chinese language search platform on its Website, Baidu.com; and a Japanese language search platform on its Website, Baidu.jp. Its search services enable users to find relevant information online, including Web pages, news, images, documents, and multimedia files through the links provided on its Websites. The company also offers search products and Web directory; online search-based community products; mobile search and related products; products and tools for Website owners and customers; e-commerce and entertainment products; and software and related search products, as well as other products and services. In addition, it provides online marketing and auction-based P4P services that enable its customers to reach users who search for information related to their products or services. The company serves online marketing customers consisting of small and medium sized enterprises, large domestic corporations, and Chinese divisions or subsidiaries of multinational corporations primarily operating in the medical, machinery, education, software and online games, tourism and ticketing, transportation, franchising, business services, electronic products, information technology services, financial services, construction and decoration, household appliances, and other industries. It sells its online marketing services directly, as well as through its distribution network. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, the People’s Republic of China.

We are excited about the growth prospects of this company, growing EPS by 136.41% this year and expected EPS growth of 49.71% over the next 5 years.