Supposedly the apparently major company is selling at its approx book
value of approx only five dollars USD
Apparently, investors still do not trust this stock because of the
infamous scandal
But is it a sleeper & buying opportunity now?
Would the reader buy it, hold it, or sell it short at approx $5
> http://finance.aol.com/company/satyam-computer-services-limited/say/nys/top-co
> mpetitors
>
> Supposedly the apparently major company is selling at its approx book
> value of approx only five dollars USD
>
> Apparently, investors still do not trust this stock because of the
> infamous scandal
>
> But is it a sleeper & buying opportunity now?
>
> Would the reader buy it, hold it, or sell it short at approx $5
>
>
They don't just make mistakes.......they FORGE documents........
This doesn't say much for the ethics of their management........
I sure as hell wouldn't trust MY money to them.......
"Satyam Settles Upaid Suit for $70M
By: Zacks Equity Research
December 15, 2009
Satyam Computer Services Ltd (SAY - Analyst Report) is paying $70 million to
Britain-based Upaid Systems Ltd in a patent suit settlement. Upaid, which
offers solutions for payments via mobile phone, filed lawsuits in April 2007
for fraud, forgery and breach of contract.
Upaid filed the lawsuit in Texas following the revelation of alleged forged
documents provided by Satyam, the technology services provider to the
British firm, seeking more than $1 billion in damages."