Lebed.biz Alert – REDF hits $5.50 up 140%! Wow!
Jonathan Lebed Newsletter
Rediff.com India Ltd (REDF) just hit a new 52-week high of $5.50 up 140% since I announced it as my speculative rating of 2 pick on March 31st at $2.29! Here is my alert from March 31st:
Lebed.biz Alert – Huge New Stock-to-Watch: REDF Wed, Mar 31, 2010 at 10:48 AM I just posted Rediff.com India Ltd (REDF), currently $2.29, as my new stock-to-watch with a speculative rating of 2, my second highest level of confidence! My last stock-to-watch TGX was the biggest percentage gainer on the NYSE the day I announced it and my stock-to-watch before that SINO gained as much as 56% in two days after my profile. I believe my new stock-to-watch REDF also has astronomical upside potential.
The emerging market that I am most bullish on right now besides China is India. Chinese Internet plays like BIDU, SOHU and SINA have been soaring during the past year and now trade with multibillion dollar market caps. I decided to search for what could become India`s biggest Internet play of the future.
REDF is one of the premier worldwide online providers of news, information, communication, entertainment and shopping services to Indians worldwide. Rediff.com provides a platform for Indians worldwide to connect with one another online.
REDF ended calendar year 2009 with $48 million in cash and no debt.
REDF`s market cap is currently only $68 million. Minus REDF`s cash position, their actual business is being valued at only $20 million! REDF generated revenues in the most recent twelve months of $18.37 million. If you compare this to Chinese Internet plays like BIDU (price/sales ratio of 31.78), SOHU (price/sales ratio of 4.10), and SINA (price/sales ratio of 6.02), REDF appears to be extremely undervalued at these levels.
According to Alexa, Rediff.com is now the 8th most popular site in all of India, behind only Google`s India site, Google`s U.S. site, Yahoo!, Facebook, YouTube, Blogger (owned and operated by Google), and Orkut (owned and operated by Google).
That`s right, REDF is behind only multibillion dollar giants in a country with a population of over 1.1 billion people! REDF now has 85 million registered users, up 14% from one year ago, and plans to invest $1-$1.5 million per quarter over the next 2-3 quarters to maintain the momentum in user growth! REDF is very close to its 52-week low of $1.75 and I believe it has astronomical upside potential. Back in 2007, REDF made a run as high as $27.50 per share and there has been almost no dilution since then! —– 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
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