No fundamentals No earning (loss every year) No Revenue No alalyst coverage Market cap north of 500M EPS negative No growth, just f..ing news website Just Pump and dump Longs were lucky, sell before you lose your A$$ Fair price $2/share
Noearnings or revenues? read REDF's last Earnings Report you IDIOT!!!!!!!!!!!!!
AP Rediff.com Posts 2Q Profit, Shares Jump Monday October 24, 9:56 am ET Rediff.com Moves to Second-Quarter Profit; Shares Jump More Than 20 Percent
NEW YORK (AP) -- Rediff.com India Ltd. posted a sizable profit for its fiscal second quarter on Monday, reversing a year-ago loss. American depositary shares of the Indian Internet portal jumped $3.20, or 21.2 percent, to $18.32 in morning trading on the Nasdaq. Over the past 52 weeks, its shares have bounced around between $5.52 and $18.50.
For the three months ended Sept. 30, Rediff earned $307,000, or $1.16 per U.S. share, compared with a year-ago loss of $381,000. Rediff did not provide a comparable per-share figure for the 2004 period.
Revenue grew 44 percent to $4.4 million from $3 million. The company said growth was driven by a nearly 90 percent jump in revenue from its India Online operation.
Registered users grew to 39.4 million people at the end of the quarter, an 18 percent increase from a year ago.