Lebed.biz Alert - REDF is a steal, don’t doubt me!
Mar 31st, 2010
Rediff.com India Ltd (REDF) is a steal here at its current price of $2.61, in my opinion! I believe we will look back at REDF later this year as having been one of the biggest no-brainers in history!
India is now my favorite emerging market besides China. In fact, I am starting to like India even more than China because India’s central bank recently purchased 200 metric tons of gold from the IMF.
REDF’s market cap is only $76.3 million when the company has $48 million in cash and no debt! This means REDF’s actual business minus their cash position is being valued at only $28.3 million when it has 85 million registered users and $18.37 million in trailing twelve month revenues! According to Alexa, REDF is now the 8th most popular site in all of India, ahead of Wikipedia and Twitter!
China’s leading pure Internet play BIDU now has a market cap of $20.75 BILLION and is trading for over 30 times sales. It wouldn’t surprise me to see REDF start to play catch up to BIDU soon! REDF was as high as $27.50 in 2007 and there has been almost no dilution since then. Quite simply, REDF could have astronomical upside potential from its current levels!
I believe Wall Street will soon go crazy over REDF! This stock has been all but forgotten about, but I believe it is an absolute steal at these levels and it is only a matter of time before the investment community begins to take notice once again!
Don’t doubt me about REDF! I am not saying for you to buy it, all I am telling you to do is research it immediately and follow the stock closely! I am confident you will be thanking me soon!
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Jonathan Lebed
Lebed.biz
Staff
Lebed.biz
Staff
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