Is Baidu a Buy?

China's leading search engine is trading at levels we haven't seen since the summer of 2013.
It's fair to say that Baidu is this cheap for a reason, and its latest financial results are problematic. However, if analysts are right about its fundamentals starting to show signs of life in a few quarters, it's also easy to see the stock beating the market at this point. Baidu is not looking pretty right now, but it does look like an opportunistic buy at current levels.
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