Rediff.com India Limited (ADR) (NASDAQ:REDF)
An Internet destination in India, focusing on providing world-class online consumer offerings in India and to the Indian community.
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not a great businesa model
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India is the next big boom in business.
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20% growth per quarter in the Indian online business!!!
One Million new registered users per month!!!
Margin
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Their earning are growing very fast. The last reports are showing very strong numbers in all the items. This is conected directly with the India economy growth and internet users growth in the last years.I think this growth it will continue because India economy continue its expantion. the company revenues will grow in the following 5 years by hundreds % per year if India continue to grow as now. Taking this potential the stock is undervalued.
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i think he is going to do like bidu
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Rediff.com (REDF) ... volatile... no news on the market but the stock has jumped 5+% today... Seems to be a hyped one...
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20 times sales is nuts - no other way about it. I covered it earlier this year - http://www.fool.com/news/mft/2006/mft06051718.htm
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Rediff is the main portal for Indian internet users. This company has a lot of promise, but that promise is not being realized.
The main reasons I believe this company will underperform is the management's lack of focus. They attempt to do everything, while doing nothing well.
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India's internet market will grow in next two-four years just like china.
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