Where's my multiple
BIDU numbers came out today... aahhh to have a multiple like that. Based on the .47 projected current year earnings, BIDU is trading at a 179 multiple even after it's drop from the stratosphere.
Try this multiple on for size, US growth stocks!
NFLX: .30 x 179 = $53.70
AAPL: 1.19 x 179 = $213.01
RIMM 1.48 x 179 = $264.92
GOOG: 3.79 x 179 = $605.02
If only I could find a share to short!