+ Watch REDF
on My Watchlist
An Internet destination in India, focusing on providing world-class online consumer offerings in India and to the Indian community.
This will significantly outperform the S&P. Internet penetration is very low in India; however, the recent broadband spectrum auction will bring internet to the masses. Currently only 9 million people have access to broadband internet in India versus 1.2 BILLION people. REDF is the 10th most trafficked site in India. While they aren't the leader, the 10th most trafficked site in India with huge growth staring right at them in the future should make for a valuation far north of the current $110 Million. By comparison, MMYT is the 107th most trafficked site and its valuation is $660 Million. Add to this that REDF has about $45 Million in cash and no debt and it is operating close to breakeven.
It appears you're having second thoughts:Re: News for 'REDF' - 10-Nov-10 11:07 am teamonfuego I have to say that this news is disturbing, although the price I think is only $4 Million according to the SEC filing. Why this deal really stinks of fraud:1.) First and foremost: why did they feel the need to do a deal with their founder's side business (WHICH JUST STARTED OPERATIONS IN JULY 2010!!)?2.) Why do a deal in an area that is not their core competency?3.) Why not do a deal with a PROFITABLE internet business in India that could have added to their earnings and increased their enterprise value?This unfortunately is another example of shady business practices in India (see SAY as another example).http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=te&bn=15314&tid=32383&mid=32383&tof=1&frt=2#32383
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions