Re: SAY versus INFY, WIT. Should I buy more Satyam, more Infosys, or buy some Wipro stock? January 26, 2007Posted by deminvest in IFN India Fund, India Investing, INFY Infosys Technologies, investment, SAY Satyam Computer Services, Single stocks, stock I own, stocks, WIT.
I was answering to a comment… and ended up writing a post.
1) Say is much smaller and so far it is not competing for market Leader Spot. Revenue of SAY is smaller and growing slower:
Satyam Computer Services Ltd. (SAY):
Revenue: 1.38B Qtrly Revenue Growth (yoy): 31.30%
Infosys Technologies Ltd. (INFY):
Revenue: 2.90B Qtrly Revenue Growth (yoy): 44.40%
Wipro Ltd. (WIT):
Revenue: 3.09B Qtrly Revenue Growth (yoy): 43.30%
If the market’s ups and downs were not enough to make our poor proletarian investor’s hearts shake, there are also splits and bonuses making us crazy. They don’t cause any gain, sometins some small losses, but they make us see stock price tumble in seconds. Of course it is just appearance, but… Isn’t it scary? (more…)
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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.
I wanted to invest in India because our jobs are migrating there and at least we should earn something from that somehow harmful (to western proletarians) migration. SAY was the answer: A reasonably priced (P/E around 24) jet fast growing healthy Indian computer company similar in business to IBM… Except the detail that SAY revenue grew +43% year on year while IBM revenue was decreasing with a sad -9% (more…)