Sterlite Industries India Limited (ADR) (NYSE:SLT.DL)

CAPS Rating: No stars

The Company is a non-ferrous metals and mining company.


Player Avatar rmenschel (78.36) Submitted: 7/13/2007 10:55:52 PM : Underperform Start Price: $17.39 SLT.DL Score: +2.58

Sorry, I have to be the sole negative voice here. From what I can see, the company went under a few years ago, under a cloud of ill behavior and ill will, and this is a reissue of the company after a new IPO. I have not been able to find anything in my research to indicate that the insiders have learned how to be ethical, and with those insiders owning 61% of the company, and therefore not beholding to any other stock holders, I cannot trust them to do anything but line their own pockets.

Report this Post 4 Replies
Member Avatar ErfanH (< 20) Submitted: 8/8/2007 12:02:18 PM
Recs: 2

Are you sure you are talking about the right company here? SLT use to be silvermine technologies. This SLT is Sterlite Industries. I think they both are in different sectors in the market. So I do not believe we are talking about the same company here? Can you show me proof that this new IPO is linked to some older company that had insider ethical issues?

Member Avatar PsychoDr (96.86) Submitted: 8/28/2007 4:33:54 PM
Recs: 3

I'm showing that this company was started in 1975. The discussion board on silvermine technologies disbanded in 2002, as a result of that company being a penny stock. The ADR's are the new issue on the new SLT, which came out earlier this year. I see 90% compounded growth of SLT in the past two years. I think it is a different company than the one that when under.

Member Avatar anartlover (< 20) Submitted: 1/10/2008 5:12:16 PM
Recs: 0

I'm not quite sure what you're point is, it sounds as if you may be talking about the U.S. financial system!

Member Avatar spundun (22.08) Submitted: 5/12/2011 2:37:08 PM
Recs: 0

Can any of you post links to your data here please?

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