I guess it is just this sector, it does not matter weather a company in doing really well, what is it that they say when no one wants to buy a stock, that is the time to jump in, especially when a company like SYNT is doing so well: see these results:
Business Summary
Syntel, Inc. is a worldwide provider of professional information technology consulting and
applications management services to Fortune 1000 companies and Government entities. For the
nine months ended 9/98, revenues rose 44% to $128.4 million. Net income (vs. pro forma)
increased from $6.4 million to $19.2 million. Results reflect growth in existing engagements, the
addition of new IntelliSourcing engagements, the acquisition of consulting base, and higher
billing rates and interest income.
Recent Earnings Announcement
For the 3 months ended 12/31/1998, revenues were 39,562; after tax earnings were 5,420.
(preliminary; reported in thousands of dollars)
More from Market Guide: Highlights -Performance - Ratio Comparisons
Statistics at a Glance -- SYNT
Last Updated: Mar 9, 1999
Price and Volume
(updated Mar 9, 1999)
52-Week Low
$8.813
Recent Price
$8.938
52-Week High
$39.75
Beta
N/A
Daily Volume
(3-month avg)
127.5K
Share-Related Items
Market
Capitalization
$341.4M
Shares
Outstanding
38.2M
Float
5.00M
Dividend Information
Annual Dividend
none
Per-Share Data
Book Value (mrq)
$1.54
Earnings (ttm)
$0.63
Sales (ttm)
$4.29
Cash (mrq)
$1.46
Valuation Ratios
Price/Book (mrq)
5.81
Price/Earnings
(ttm)
14.23
Price/Sales (ttm)
2.09
Income Statements
After-Tax Income
(*ttm)
$23.0M
Sales (ttm)
$168.0M
Profitability
Profit Margin
(*ttm)
14%
I would think that this is the time to buy SYNT, at a 52 week low, it would be a different story if the above figures were not so darn good, I have given up on trying to figure out the Market.
I only wish that I had sold all of this sector and year ago and bought the internet stocks, they for the most part are not making any money yet, but the market does not care, they just keep going up and up.... |
