Anil: I am kinda sick and tired of this Infosys and their ADR business. First they announce the intention some two years ago or something,then the damn government takes over a year to give them the permission or whatever,then they periodically announce 'oh yeah we are coming to the U.S',then they say 'yeah we don't want to attract too many small investors,we rather have the IPO go to the big guys',now they say the IPO market is not favorable,sheeeesh!.
I don't think I will touch it with a 10 foot pole if and when it comes to the U.S,for one thing the damn stock is too expensive for a couple of hundred million dollar company.I think it is going for about $50-$60 on the NSE,the P/E is astronomical,I think more than the projected growth rate.Their intentions are to price the ADR at $75.00 or something,yeah right.Where do they get this IPO market not favorable bit,I think the IPO market has come back to life here finally here in the U.S judging by some the recent issues like eBay et all.
Anyway as far as I am concerned they can go screw themselves.<vbg>
PS:I did see the news couple of days ago,didn't want to say anything as thought people might be kind of sick of it by now,at least here in the U.S. Thanks for brining it to the attention of the thread,at least it gave me a chance to vent my gripe.<g> |
