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! —– Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm Jonathan Lebed Lebed.biz Staff This message was sent by: Jonathan Lebed, 350 Ramapo Valley Rd, Oakland, NJ 07436 Email Marketing by iContact: http://freetrial.icontact.com