This stock will be below IPO price before August 2011. This company 's project revenue in 5 years is $280 MM and No profit. Read Barron's article dated October 3, 2010. Rajiv kara is running a bunch of servers out of Mauritius. It is not even located in India. Total revenue for the year is $40MM. Zero profit as fas you can see. How people are buying this garbage at $36. I have shorted at $38.25 and will not recover it until it is below $15.
"It will be below IPO price before August 2011." or "It WILL be BELOW IPO in six months"
Timing is of the essence. Tell us exactly which one to pick (not that the two claims are theoretically incompatible, but you seem to be a tad unsure or numerically challenged - just wanted to make sure which)
"This company 's project revenue in 5 years is $280 MM" (sic.)
I wonder if you'd be kind enough to post the source of the company's 5-year projections. Please do not direct me to Barrons because not all of us are rich enough to subscribe to Barrons.
"Rajiv kara is running a bunch of servers out of Mauritius. It is not even located in India."
First, I think it is Kalra. Second, how on earth does it matter where their servers are, even assuming what you are saying is correct?
"Total revenue for the year is $40MM."
WRONG. In their SEC filing, MMYT states "We had revenue of $33.7 million in the quarter ended June 30, 2010" Their annual revenue for the year ended June 30, 201, was in excess of $80 million. SEC filings are available free (unlike Barrons). You may want to check your facts (I am assuming you know how to access EDGAR)
"I have shorted at $38.25 and will not recover it until it is below $15." (sic.)
Of course you have shorted. TD Ameritrade is probably not allowing me to short becasue I am not as "special" as you are (to your broker, of course). I have to ask you whether you know what a buy-in means? You might not be allowed to "recover" at 15. Nice one though - I still have not recovered from your brilliant post. Keep up the good work.
Income Statement Revenue (ttm): 83.56M Revenue Per Share (ttm): 4.77 Qtrly Revenue Growth (yoy): N/A Gross Profit (ttm): N/A EBITDA (ttm): -5.08M Net Income Avl to Common (ttm): -6.21M Diluted EPS (ttm): -0.35 Qtrly Earnings Growth (yoy): N/A Total Cash (mrq): N/A Total Cash Per Share (mrq): N/A Total Debt (mrq): N/A Total Debt/Equity (mrq): N/A Current Ratio (mrq): 0.59 Book Value Per Share (mrq): -1.42 Operating Cash Flow (ttm): 5.23M Levered Free Cash Flow (ttm): -642.42K These facts are on Yahoo. These speak for themselves. I was able to short another 2000shares today.