>To all the investors in this rotten egg, get an idea. How can >you justify 100 times next years earnings for a company that is >only going to grow earnings at a rate of 10% from 99 to 2000??? >Take a hint and pull your cash now. Put it in CHRZ, ITIG, MMWW, >and CNDR which are growing faster and trade at p/e's of between >10 and 20. Which has more upside??
Go and ask AOL investors.. there lies the answer.. People pay for growth and acceptable P/E is in the range of 1.5% times the growth rate.. INFY grows in excess 60 % a year and so 100 P/E is justified. Do your homework on this Co. Go and look at this company's performance for the last 4 years and you are comparing apple and oranges here. Go and see todays BID going up beyond 48 1/2.. Did you short it at 46? This is a ZERO debt Co with one of the highly transparent financials in the INDUSTRY and set the precedent for CORPORATE GOVERNANCE.. No wonder its in the buylist of leading institutions!!!!
Guys, HOLD on to INFY and the earnings are expected around July 11th. Everyone here who has known abt this stock inIndia knows how it flys after earnings.. With the NASDAQ entering the Summer slowdown, INFY is insulated from all those nasty NASDAQ shocks we are going to witness in the coming months.
This is AOL of INDIA... or even better!! Of course, unlike AOL where people are buying for 2002's earnings, we are buyig for 1999's earnings...