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India stocks getting an excessive rise after elections in India. Certainly stability will help, but it will take time....Low float stock up 25% in three days.Of course, beating estimates the same week added some juice. Few companies with high/no P/E's are beating lately.Still up 10% QoQ is not stellar growth, and the new government can't turn things overnight. They also stated caution on volatility in the airlines. The 24-28% growth in 2015 would be "good", but earnings were still loss of $0.01 and increased revenue is unlikely to help the bottom line very much, certainly not enough to support the Billion $$ market cap.6X book, negative cash flow. "Good" international plays in this area are scarce, so it's possible index/mutual funds might pick up a bigger piece, but I don't believe enough to support this share price increase.
Honeymoon phase of Modi to end soon after election
No earnings, momentum will die off then the this stock will too.
This stock is a no-brainer. So what if their profit margin is negative for now? It's to be expected that the margin of a web-based business will improve in time. MMYT is the leader in travel booking in India, a market destined to grow at least 9% over the next few years.
The company has a long way to go beofe profitable. Might be good in the long term but not in this economy
India is the next China. MMYK = CTRP
India 8% growth
Began a position at $30 in RL. Wanted to jump in at $26, but waited a little too late to pull the trigger. BigTime Growth. Huge Demand for the stock during the IPO. The travel industry is already booming in the US and should be over $110 Billion in India over the next ten years, with potentially half of that moving online. Expansion in SE Asia and the Middle East should make this a long term, Make My Net Worth increase by leaps and bounds, for the Savvy investor.
IPO hype is over
Jumped 89% on its release no way it can hold those values in this turbulent market. Maybe will be a good stock down the road but it will most likely pull back big first.
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