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SAY: why am I happy that I did buy Satyam Computer Services Indian stock in May? October 11, 2006

Posted by deminvest in India Investing, SAY Satyam Computer Services, Single stocks, stock I own, stocks, stocks that pay high dividends.

First of all SAY went 12% up (+ $221), which is good, second Satyam paid me $10 dividends third the Indian Computer Servvices company is still growing fast and making cash.

Indian Programmer

On May the 11th I bough 50 SAY stocks at USD 36 paying $1.803 totals.

Now my 50 SAY are worth $2.025.

I am very happy to still own Satyam because the company is still showing solid growth and a very strong financial situation:

On May 11 SAY had:
Qtrly Revenue Growth (yoy): 43.70%, Qtrly Earnings Growth (yoy): 29.50%

Today SAY has:
Qtrly Revenue Growth (yoy):36.30%, Qtrly Earnings Growth (yoy):86.20%

That shows a still strong revenue growth, with exploding earning growth… Part of those earnings ended up nicely on Satyam’s bank accounts:

On May 11 SAY had Total Cash of $ 696M, now SAY has Total Cash of $749M.

Dividend yield is still 0.80%, but I hope that the management decides to share part of the cash SAY makes with us, poor needy proletarian investors!




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